Bitcoin's Rally May Face Crucial Support Test in October

A technical analyst warns that October could bring a healthy Bitcoin pullback in crypto markets.

The current rally, which began in July and has continued through late September, may be due for a pause after months of steady gains.

The support zone to watch is around $82,900 to $83,000. As long as 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.

If buyers fail, the next supports are $81,600, the 50-week average near $78,700, and a deeper zone between $63,326 and $74,800. The analyst emphasizes that these lower levels aren't targets but areas where he'd expect buyers to step back in if a real pullback unfolds.