A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months. What’s Next For Bitcoin In October? In a September 23 post on X, crypto analyst Ali Martinez put forward an interesting prognosis on the current price action of Bitcoin and its future trajectory. According to the pundit, the premier cryptocurrency looked set for a bullish breakout — albeit not in a straightforward move. In his forecast, Martinez said that the price layout (at the time) could see Bitcoin fall to the $60,000 level and then make a comeback to $66,000. Following the recovery, a deep correction would see the market leader slump to $57,000 before rallying to a new all-time high of $78,000. Related Reading: BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses This projection is based on the formation of a descending channel pattern on the daily Bitcoin price chart. A descending channel is a technical analysis chart formation characterized by two major trendlines; the upper line acting as the resistance level and ..
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