Bitcoin's Next BIG Move Depends on This Level! | BTC Price Analysis
1 extracted signal · 0 resolved · 1 still active
Wicked StocksIndependent analyst profile- Source published
- 10 Oct 2026, 19:36 UTC
- Recorded by Tahlil Plus
- 10 Oct 2026, 22:20 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSDT) using a weekly timeframe. The current price is observed around 80,335. A bullish outlook is presented, with a primary target price of 120,593. This target is derived from the confluence of channel bottom support and a projected target line. The analysis suggests that if Bitcoin can hold above the 80,000 to 80,843 zone, it is likely to continue its upward trajectory towards the 120,593 mark. The fail bound, indicating a level where the bullish thesis would be invalidated, is set at 61,174. This level represents a significant breakdown below a rising channel and a key support area. The prediction extends over the next three to five months, with a potential extension into the first quarter of the following year. The analysis also mentions the possibility of a deeper retracement to the 60,000s if the price fails to hold the current support levels, but the primary view remains bullish as long as the 61,174 fail bound is respected.
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