#BitcoinPriceOutlook

#MondayMorning
Bitcoin Bulls Take Charge as October Ends Strong

As October nears its close, the crypto battlefield is once again dominated by the unstoppable momentum of Bitcoin bulls, and the conviction behind the low-long strategy remains unshaken. The final week of the month opened with powerful upward energy, as Bitcoin surged over the weekend and confidently reclaimed the $115,400 zone perfectly validating earlier bullish forecasts. The market’s rhythm now echoes strength, consistency, and renewed investor optimism as Bitcoin continues to outperform expectations.

From a technical standpoint, the daily chart reveals a series of consecutive bullish candles, confirming that the current uptrend is not a fleeting rebound but rather a continuation of a solid bullish cycle. After successfully rebounding from its earlier lows, Bitcoin has decisively broken above the midline of the Bollinger Bands, marking a key shift in market structure. The next crucial focus lies around the $120,000 resistance area — a psychological and technical threshold. A clean breakout from this level could ignite an explosive wave of momentum, potentially pushing Bitcoin toward fresh all-time highs and reigniting full-scale market euphoria as November begins.

Market sentiment is gradually aligning with this bullish scenario. On-chain data and trading volumes both indicate a clear dominance of long positions, reflecting traders’ growing confidence in the market’s next major move. While short-term corrections or minor pullbacks may occur, these are increasingly viewed as opportunities for accumulation rather than threats to the trend. The overall tone remains decisively bullish, supported by global liquidity optimism and macro expectations ahead of the upcoming U.S. CPI data release, which could add fuel to volatility and directional momentum.

Trading Strategy Recommendation:
For now, the ideal approach remains a low-entry long position strategy. Traders can consider going long within the $113,500–$114,000 range, setting profit targets near $116,000–$118,000. This zone offers both safety and upside potential, balancing risk with opportunity as the market rides a powerful bullish wave into November.

As the new week begins, the crypto stage belongs to the bulls. Confidence, patience, and precision will be the keys to capturing the next big breakout. Every chart pattern, every candle, every pulse of the market speaks of resilience and potential. The question now is not if Bitcoin will rise further —but how high it will soar next.

#CPI数据来袭 #比个GateFunMeme