Bitcoin price prediction for October 31, according to historical returns

By Finbold | Created at 2026-10-20 18:46:53 | Updated at 2026-10-20 20:05:38 1 hour ago

Regardless of Bitcoin (BTC) recording a selloff of more than 5% over the first two weeks of October 2026, trading at approximately $82,663 on October 20, historical returns revealed a possible bullish close by the end of this month.

Between 2011 and 2025, Bitcoin has recorded an average return of 13% upside in October, according to data Finbold fetched from CryptoRank on Tuesday. With Bitcoin having opened October trading at roughly $83,592, the historical average signals a potential rally to $94,458.96 by October 31.

Meanwhile, BTC’s price has registered a median climb of 10.8% in October during the past 14 years. If BTC price follows its median historical return by the end of the next two weeks, it could reach a target of $92,619.94.

Consequently, the historical mean of Bitcoin’s average and median return is $93,539.45, which suggests a possible 13.16% uptick over the next 11 days.

Notably, the highest October BTC return since 2011 was 53.8% in 2013 while the lowest was a 35.1% decline in 2011.

Bitcoin price performance on October 20

Despite a choppy consolidation over the last four weeks, BTC saw its market capitalization climb to $1.66 trillion over the past 24 hours, amid the broader cryptocurrency rebound.

However, BTC’s 24-hour average trading volume fell by 4.45% to $25.32 billion, as per updates from CoinMarketCap.

Today’s Bitcoin rebound was driven by strong demand from the United States spot exchange-traded funds (ETFs), led by BlackRock Inc. (NYSE: BLK)-backed iShares Bitcoin Trust (IBIT), as Finbold reported.

As a result, if BTC follows its historical returns, it could reclaim $90,000 and reach a mean target of $93,539.45 by October 31, 2026, possibly driven by renewed institutional demand.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Finbold Career