October Could Ignite a Big Move in BTC

Bitcoin has staged a strong rebound, reclaiming the US$112,000 level after dipping to US$108,620 last week. The bounce closed out September on firmer ground, setting up October as a potentially decisive month for the world’s largest digital asset.

Over the past few months, Bitcoin has enjoyed a strong run, posting multiple bullish monthly candles and even reaching an all-time high near US$124,500. August, however, broke that streak with a bearish signal that sparked concerns of an extended correction. September’s close above US$112,000 helped ease those worries but left traders cautious about what comes next.

Momentum indicators such as the RSI and MACD suggest the rally is losing steam in the short term, while technical wave patterns point to Bitcoin being in the final stages of its current bullish cycle. Still, many analysts see room for one more push higher before any significant cooling off.

The bullish case for Bitcoin is if it holds above the critical US$109,000 support and extends higher, potentially setting new all-time highs in October. This view suggests the recent pullback was simply a reset before another leg up.

Either way, October looks pivotal. Holding key support zones would fuel confidence that Bitcoin’s longer-term uptrend remains firmly intact.

Zooming out, Bitcoin’s structural trend remains bullish. Institutional flows, increasing adoption, and macroeconomic uncertainty continue to underpin demand for BTC as a hedge and growth asset. Even if volatility returns in the short term, long-term holders will view dips as opportunity.