🚀 Bitcoin October Outlook: Potential 20-30% Gain Incoming? 📈
📊 September Performance:
BTC closed September with a stellar +7.29% growth, marking it as one of the best Septembers in the last 11 years.
Historically, October tends to be even more bullish, continuing this upward momentum.
📈 October Expectations:
Based on previous trends and the cyclic nature of Bitcoin, I expect to see a 20-30% gain throughout October.
This would put Bitcoin in the 75K - 85K range by the end of the month. 🌕💰
⚠️ Important Considerations:
No immediate growth: Just because we expect a strong close for October doesn’t mean the rise will be straight up.
Descending channel pressure: BTC is still moving within a descending channel, and a drop is possible before we break upwards.
🔻 Potential Pullback:
In the worst-case scenario, we could see BTC driven down to test the lower border of the descending channel.
This could push BTC down to 60-59K, where there’s strong support:
Fibonacci correction zone 📉
Psychological support level 💪
🔄 Best-Case Scenario:
After a possible dip to the 60-59K zone, Bitcoin could start its upward movement toward the 75-85K range by the end of October.
📌 Conclusion:
Keep an eye on BTC's price action around 60K for potential entries or a bounce.
Stay cautious and manage risk appropriately, especially during any potential pullback phases.
📅 October could bring a breakout—stay tuned for updates!
#BTCUptober #BTCPredictedNewATH #BTCPredictedNewATH #BTCPredictedNewATH #BTCReboundsAfterFOMC
