## Uptober: A Bullish Month for Bitcoin Singapore-based cryptocurrency trading firm QCP Capital has predicted that Bitcoin (BTC) could surpass $78,000 and renew its all-time high price if the historical trend of "Uptober" repeats itself. Uptober refers to an uptrend in the month of October. Historically, BTC has performed well in October, rising in 8 out of the last 9 years. The average gain during this period has been 22.9%. QCP Capital believes that even if BTC only makes average gains in October, it could still renew its record high. This is due to the continuing inflow of capital from spot ETF approvals, which is creating a bullish sentiment in the market. Ethereum (ETH) is also expected to benefit from Uptober, although the average gain is typically lower than that of Bitcoin. If Uptober does occur, it will be a positive sign for the cryptocurrency market. It will indicate that the bullish trend is continuing and that BTC is on track to reach new highs.