đ Bitcoin October Outlook: Potential 20-30% Gain Incoming? đ
đ 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.
đ 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. đđ°
â ïž Important Considerations:
No immediate growth: Just because we expect a strong close for October doesnât 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.
đ» 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 thereâs strong support:
Fibonacci correction zone đ
Psychological support level đȘ
đ 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.
đ 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.
đ October could bring a breakoutâstay tuned for updates!
#BTCUptober #BTCPredictedNewATH #BTCPredictedNewATH #BTCPredictedNewATH #BTCReboundsAfterFOMC
