Bitcoin Heads for a Red October With 4 Bullish Signals Still Intact
· price · Sentiment: bullish
Bitcoin is on track for its first negative monthly performance since May, with October currently down over 4% amid heightened market volatility. Despite the bearish price action, four key bullish technical signals—including sustained on-chain metrics, institutional accumulation trends, and specific chart patterns—remain fully intact according to multiple analysts. The consensus view is that the current dip represents a healthy correction within a broader bull market rather than a trend reversal. This suggests Bitcoin retains strong upside potential heading into Q4, provided these signals continue to hold.