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Adam Back, known as an associate of the enigmatic Bitcoin (BTC) creator Satoshi Nakamoto and mentioned in the whitepaper of the first cryptocurrency, shared an ultra bullish prediction for the coming month. September ends with a gain of over 11.3% for the BTC price, and many are now expecting a continued celebration in October, known in the crypto community as “Uptober.”

Back seems set for a green month ahead, as his latest post on X (formerly Twitter) states that he is preparing for the so-called “Uptober.”

In support of the suggestion that the crypto market, or at least Bitcoin, can expect to rise in the next little over 30 days is the price history of the main cryptocurrency. Thus, the average value of BTC profitability for all Octobers in its history—almost 13 of them—is 15.5%. Even more strictly measured, the median value is kept at 14.9%.

What could go wrong?

While Adam Back and several other prominent figures in the crypto space are gearing up for “Uptober,” some are expressing skepticism that the market will easily favor bulls next month. The argument is that September is traditionally considered a weak month for the price of BTC, but this time, that statistic was rejected and Bitcoin rose by double-digit percentages.

This could signal that October and September have switched places, perhaps due to the frontrunner of this very “Uptober” narrative, leading to stagnation at least in the first half of the coming month. Whether one agrees or disagrees, such a twist would definitely be in the spirit of the crypto market.

This article was originally published on U.Today