Bitcoin price gears up for major rally with two key peaks on the horizon
Bitcoin (BTC) has had a bumpy start to October, with the much-anticipated “Uptober” rally getting off to a slow beginning. However, despite this sluggish start, an analyst sees two major peaks on the horizon, suggesting that Bitcoin’s long-term bullish trajectory remains intact. After briefly dipping below $60,000, Bitcoin rebounded sharply, reclaiming $63,000. This recovery, coupled with promising technical indicators and macroeconomic factors, signals that bulls are still in control, especially with the release of China’s fiscal policy update. Bitcoin is now approaching key price levels, and market momentum is likely to shift based on technical factors and historical patterns. As noted by Cryptocon in an X post on October 11, these dynamics could prove pivotal in shaping Bitcoin’s next moves. Picks for you So...