Main Highlights:
Bitcoin is facing time constraints to achieve “golden week” gains typical since 2015.
BTC’s price action must recover to $116,000 before the Wednesday daily close, according to research.
Cryptocurrency markets may receive a last-minute boost from cuts in US interest rates.
Bitcoin (BTC) has limited hours to salvage its usual October “golden week” as it struggles to hold at $113,000.
Research from network economist Timothy Peterson shared on X indicates that BTC/USD needs to rise by 7% by the end of Wednesday.
Bitcoin’s Uptober Recovery Begins with $116,000 Reclaim
Bitcoin seasonality remains in focus as a less-than-stellar “Uptober” concludes.
Peterson highlights one area of interest is the weekly chart, focusing on three specific seven-day periods.
Historical data reveals that since 2015, BTC price has recorded three reliably successful weeks each year—one in February, one in March, and one in October.
The October “golden week,” ending on Oct. 29, has historically provided 7% gains. BTC/USD approached this target on Tuesday when it reached $116,000 but has since retraced.
“Oct 29th marks the conclusion of one of Bitcoin’s three golden weeks, in which Bitcoin typically gains 7% in a seven-day period (the others are in March and February),” commented Peterson.
Currently, golden-week gains are around 4.5%, a disappointment for Bitcoin bulls who have observed October gains fade into flat performance so far this month.
Nonetheless, Peterson reveals that the outlook may not be entirely bleak. Previous research on price seasonality suggests that the Bitcoin bull market is still poised for new all-time highs exceeding $160,000 by December.
Bitcoin seasonality, which I have monitored all year, is still tracking the 30th percentile. This implies a price of $162,000 in December. pic.twitter.com/oETxhuvLBz
— Timothy Peterson (@nsquaredvalue) October 20, 2025
Optimism on Fed Decisions and China Trade Agreement
As Cointelegraph continues to report, there are favorable conditions for crypto and risk assets leading into the monthly close.
Related: Mt. Gox postpones $4B Bitcoin repayments: Bearish or bullish for BTC price?
The US Federal Reserve is projected to proceed with interest rate cuts during its meeting on Wednesday, while the US and China are negotiating a last-minute agreement to prevent punitive trade tariffs.
Despite the recent downturn, technical indicators for Bitcoin remain promising in the short term. The relative strength index (RSI) is rebounding on hourly timelines after creating a hidden bullish divergence.
This article does not provide investment advice or recommendations. Investing and trading carry risks, and readers should conduct their own research before making any decisions.
