Bitcoin's October performance sparks optimism despite price drop © Reuters.

Crypto influencer Crypto Tony has projected a favorable outlook for this October, referencing historical data as a basis for his forecast. Despite Bitcoin’s recent decline from a two-month high of over $28,000 to its current price of $27,592, Tony anticipates a positive trend.

Drawing on Bitcoin’s past performances in the month of October, Tony highlighted eight instances since 2013 where the cryptocurrency saw substantial gains. The record-breaking growth of 60.79% in 2013 was noted along with significant increases observed in 2017, 2020, and 2021.

Notably, this optimistic forecast has been met with some skepticism. An unidentified user questioned the reliability of predictions that solely rely on past performance.

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