Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??
How? Because bitcoin is just reverting to its intrinsic value.
BTC was undervalued last month, and the selloff was extremely unjustified in light of news regarding Evergrande. I'm not sure how people even came to the conclusion that bitcoin should be affected by something happening to the real estate market in China to be completely honest.
Now it's just making up for that bearish sentiment. It has nothing to do with October starting though.