Analyst: Bitcoin's October pullback may lay the foundation for the next round of increases, potentially rising to $120,000 to $150,000 by the end of the year

According to Decrypt, SynFutures CEO Rachel Lin stated, "The October decline may lay the groundwork for the next upward phase of the Bitcoin bull market, as such pullbacks are often the midpoint of a larger cycle rather than the endpoint." Historical data also supports this optimistic interpretation, with Bitcoin's average return in the third quarter still being positive at 6.05%.

It is also noteworthy that November has historically been one of the strongest months for Bitcoin, with an average return of up to 42% over the past 12 years. Rachel Lin mentioned, "For November, I expect a period of stability with cautiously optimistic sentiment. Bitcoin may trade sideways at the beginning of the month as the market digests the Federal Reserve's remarks, but once there is a clear shift in policy tone, it could trigger a rebound." She also stated that if Bitcoin continues to follow the typical post-halving trend, "it is still possible for Bitcoin to rise to $120,000 to $150,000 by the end of 2025," citing solid fundamentals such as ETF fund flows to institutional custody solutions.