Bitcoin: October 2026 Down 4.5%, Risks Worst Since 2018
Kashif Raza highlights that October 2026 sits down 4.5% for Bitcoin with days remaining, threatening the asset's first consecutive negative Octobers since 2011-2012 and its worst performance since 2018.
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Bitcoin sits down roughly 4.5% in October 2026 with only days left in the month, according to @simplykashif. A red close would mark the asset's worst October since 2018 and its first pair of back-to-back negative Octobers since 2011-2012, a streak that has occurred just five times in Bitcoin's history.
Bitcoin trades at $79,765.46 inside a bearish structure on the 4h chart, holding below both the EMA50 at $81,466.32 and the EMA200 at $81,865.27. The MACD death cross at -536.93 keeps downside momentum intact while RSI at 34.3 remains neutral and leaves room before oversold conditions. Price action inside the Bollinger Bands points to a potential probe of lower-band support near $79,486.12 if the upper-band resistance at $82,089.73 continues to cap advances.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.