October has historically been one of Bitcoin‘s best-performing months, triggering notable price increases over the years. Considering the price of BTC this month, several crypto analysts believe that the digital asset could be gearing up for a breakout that might catalyze a move to new all-time highs.

Is A Major Move For Bitcoin Around The Corner?

As the month of October gradually approaches its end, Titan of Crypto, a market expert and trader has predicted a notable breakout for Bitcoin in the month usually termed “Uptober,” reflecting the much-anticipated bullish momentum. 

The expert’s forecast suggests the present lengthy consolidation phase is about to come to an end as the crypto asset prepares for the impending surge. Additionally, his bullish perspective stems from BTC’s move above the monthly bull pennant pattern, demonstrating the resiliency of its renewed upward strength.

According to Titan of Crypto, Bitcoin has not only overcome the monthly bull pennant but has also recovered from previous resistance that is currently acting as a support range. As a result, the expert claims that the next key price level to look out for is the $71,100 mark, which, if breached, could pave the way for further upside movement, potentially to a new all-time high.

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Author: Godspower Owie