I expect a final correction towards $51,000 before Bitcoin takes off to new bullish phases, with the possibility of reaching levels between $88,000 and $93,000 in its next bullish wave. Also, some technical indicators such as the price gap in the futures market suggest that Bitcoin may test nearby support levels before starting the upward move.

Currently, Bitcoin is in a corrective phase but with the possibility of a strong rise soon. After reaching its all-time high in March 2024 at $73,750, Bitcoin gradually declined to levels around $61,000 and has continued to trade within a narrow price channel for more than 200 days.

A historical analysis indicates that October is one of the best months for Bitcoin performance, as it achieved an average positive return of about 22.9%. Accordingly, Bitcoin is expected to benefit from historical market trends to record new highs by the end of the year, especially since election years are often accompanied by positive performance for cryptocurrencies.