Gold peaks as Bitcoin falls – But Uptober isn’t dead yet

October 2025 has already earned the title of Bitcoin’s second-worst October on record. This is a surprising twist for a month that’s typically been a bull favorite.

Source: Alphractal

In 15 years, only four Octobers have closed in the red. But with a 73% chance of finishing green, the odds still lean in Bitcoin’s favor.

Despite the shaky start, many believe the month could flip bullish before it ends, keeping the streak alive.

Here’s where things get interesting

A rare signal in the BTC/Gold ratio said that the tide may soon turn.

Source: X

According to recent data, the ratio has reached levels so far seen only at major market bottoms, moments that are often the best times to shift from gold to Bitcoin.

The BTC/Gold Oscillator hovered around -1.8, historically tied to cycle lows where BTC begins outperforming gold.

As Joao Wedson, CEO, Alphractal, put it, the chart is “basically screaming” about how it’s “time to sell gold and buy Bitcoin.”

With gold at highs and Bitcoin showing bottom signals, the risk-reward equation may now favor crypto over the classic safe haven.

Bears lose momentum around $107K

After days of relentless selling, Bitcoin appeared to be stabilizing around the $107,000 mark at press time.

Source: TradingView

The daily chart showed weakening bearish momentum, with the RSI indicating that BTC was in oversold territory. Meanwhile, the MACD histogram was flattening; a possible momentum reversal if buying volume steps in.

However, BTC still traded below key EMAs (20, 50, 100), keeping the broader trend bearish.

A decisive move above $110,000 could confirm recovery, but until then, a bit of optimism never hurt anyone.