How High Could Bitcoin Go This October?

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On-chain data suggests Bitcoin isn’t overheated yet, with $122,000 and $138,000 emerging as the next significant resistance levels to watch for BTC price.

BTC must clear the next significant resistance level to unlock targets at $127,000–$137,000.

On-chain data shows room to run, with $122,000 and $138,000 as the key risk levels.

Bitcoin closed September with a 5.35% gain, shaking off a late-month correction. Historically, such green Septembers have set the stage for a bullish “Pumptober,” according to onchain data resource Lookonchain.

With Bitcoin already up today, will history repeat with massive BTC gains in October once again?

BTC price double bottom targets $127,000
Bitcoin’s daily chart is flashing a classic double bottom setup, a bullish reversal pattern that forms when price bounces twice off a similar support level before breaking higher.

In BTC’s case, the two troughs have appeared near $113,000, with a neckline resistance sitting around $117,300.

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