The latest rise has bought back the token in green for October, which suggests, ‘Uptober’ could be warming up. The token is about to follow the bullish momentum, which may send the prices higher in the coming days. Besides, the amount of long-term Bitcoin holding is growing again as the supply has been held for over 155 days, indicating the growing interest of whales in the token.
Regardless of the bullish action in place, the token appears to be poised to retest a lower support before triggering a strong rebound. 
A popular analyst, Michael van de Poppe, sees bullish potential within the BTC price rally but also believes a bearish possibility. The token has crucial support at around $60,000, and hence even if the bears intensify their activity, they may be restricted to around $62,000. Therefore, a test to these levels may eventually trigger a fine reversal to the higher ranges above $65,000.
Bitcoin has held the crucial support area around $60K and bounced upwards.
I’m expecting some lower timframe retests at $62K, through which we will test $65-$66K later this week.
Breakout above there = new all-time high test,”
The analyst speculates a bullish week ahead, which also sheds light on the probable bull run as a clearance beyond these levels may attract massive liquidity. Therefore, the bulls are required to hold the rally above the support at $62,500, as a bullish rebound could eventually trigger a massive upswing thereafter. #BTC☀ #Altcoins👀🚀 $BTC