Analyst: Bitcoin may see a correction in October, with support levels between $82,900 and $83,000
2026-09-27 20:47:20
According to CoinMeta, Bitcoin has been on the rise since July, but a technical analyst believes that October may see a pullback that traders have been expecting. The analyst pointed out that the current support level for Bitcoin is between $82,900 and $83,000, and as long as Bitcoin remains above this level, the short-term upward trend will continue, with the possibility of further increases to between $88,600 and $92,200. Although he identified October as a potential weak period, he did not predict a collapse and considered the pullback to be normal. The analyst also mentioned that a Bitcoin pullback could be beneficial for altcoins, as historically, when Bitcoin consolidates, altcoins often see opportunities to perform well.
Source:Coinpedia
This content is for market information only and does not constitute investment advice.
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