Emre Yumlu 
Despite the recent turbulence in the crypto markets, several analysts remain confident that October — often dubbed “Uptober” — could bring a strong rebound for Bitcoin (BTC).
“A Huge Move Is Coming for Bitcoin”
Crypto analyst Colin Talks Crypto shared a highly bullish outlook on X earlier this week:
“I think we’re going to see a massive move up by Bitcoin soon. We’re at a pivotal moment right now, BTC is about to soar and won’t look back.”
His statement came right after Bitcoin’s sharp retracement on Monday, when the asset dropped from around $116,000 to just above $112,000.
Chart Structures Point to Bullish Breakout
According to Colin, the recent dip should not worry investors. Instead, he highlighted a series of overlapping bullish formations, including:
-
Multiple inverse head-and-shoulders patterns,
-
A larger broadening wedge structure,
that could collectively fuel a breakout toward $140,000 before year-end.
He also emphasized that current market sentiment — with many questioning whether the bull run is already over — actually reflects the opposite of peak euphoria, making it a healthier setup for future gains.
October’s Historical Strength
Another analyst, Elite Crypto, pointed out that despite the latest pullback, Bitcoin is still up nearly 4% in September, a month that traditionally leans bearish.
“October has historically been one of Bitcoin’s strongest months,” the analyst noted, reminding investors that average Uptober returns stand at 21.89%. Even a modest 10% increase, they added, could trigger significant rallies in the altcoin market.
Backing this sentiment, LANGERIUS, founder of Hunters of Web3, remarked:
“Uptober’s historical track record shows why patience outperforms emotional trading.”
Market Conditions After the Sell-Off
Following Monday’s $150 billion leverage flush, markets have been searching for stability. The total crypto market cap currently sits at $3.96 trillion, down about 2% on the day.
-
Bitcoin is consolidating just above $112,000, roughly 9.5% below its all-time high. This correction is notably milder compared to the 13% drop earlier this month.
-
Ethereum (ETH) slipped by 4%, dipping below $4,200 — its lowest level in two weeks.
-
Altcoins endured even heavier pressure as leverage was unwound, with many recording double-digit weekly losses.
In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.