🟡On September 22, Bitcoin dipped to a 12-day low of $111,986, but optimism persists ahead of the much-anticipated “Uptober”. Historically, October is one of BTC’s strongest months: since 2013, it has closed in the green 10 out of 12 times. In bull years such as 2017 and 2021, gains exceeded 40%, and a repeat of that pattern could drive BTC toward $165,000.
🟡The macro backdrop is also supportive. Markets assign a 92% probability to a Fed rate cut in October, setting the stage for increased liquidity inflows. Analysts expect BTC may briefly retest support near $112,500, but conditions for a powerful breakout are aligning, making an “only up” scenario increasingly likely.