Bitcoin Pullback Looms in October: Analyst Targets Critical Support Zone

A technical analyst is predicting that October could bring a pullback for Bitcoin after its steady climb since July.

The analyst is watching one support zone closely, around $82,900 to $83,000. If Bitcoin holds above this level, the short-term uptrend stays intact and there's still room for another push higher, potentially toward $88,600 to $92,200.

However, if Bitcoin breaks down further, the next levels to watch are $81,600, then the 50-week average currently sitting near $78,700. A clear, sustained break below the support zone would be the first real warning sign.

The analyst notes that a pause in Bitcoin's rally could actually be good for altcoins, as they often get their moment to shine when Bitcoin trades sideways instead of surging.