The post Bitcoin Bull Run in October Could Ignite a 5x Altcoin Rally appeared first on Coinpedia Fintech News
Bitcoin has already made big moves this year, jumping over 25% from $89,000 to an all-time high of $123,000. While the price is now moving sideways, many traders are looking ahead to October, a month known for strong Bitcoin rallies. With key signals flashing bullish, some believe a powerful crypto bull run may be just around the corner.
Here’s how higher bitcoin price could surge by the ends of this year? And what might happen to altcoins if it does?
Bitcoin Bull Market Expected in October
Last week, Bitcoin closed with its highest weekly candle ever, over $119,000. A major resistance level around $115,000, also known as the CME gap, has now been cleared. BTC is no longer in the overbought zone, which gives it more room to rise further.
But it’s not just about charts. The global economic scene is also improving. The U.S. and China have extended their tariff pause, and the U.S. has signed a trade deal with the EU. These moves could ease pressure on financial markets and bring fresh money into crypto.
Because of this, many analysts now believe Bitcoin could rise to around $132,000 by October.
Why October Matters for Bitcoin
October has a strong track record for Bitcoin. In the past one decade, Bitcoin as posted positive returns in 8 of the last 10 Octobers. This trend, combined with macro support and regulatory clarity, is giving traders hope for another big move.
Some analysts say this could be the moment BTC breaks out and enters a parabolic uptrend. Even prediction markets like Polymarket suggest a 78% chance that Bitcoin will touch $130,000, with a 48% chance of hitting $150,000 by year-end.
Impact On Altcoins
If Bitcoin runs up, altcoins are likely to follow. Ethereum has already crossed $3,800 and is aiming for $4,200 and beyond. BNB just reached new highs. XRP and other altcoins are also hitting its ATH price.
MEanwhile, liquidity is now spreading across the market, which often happens during the early phase of a bull cycle. In the past, this kind of rotation led to altcoins jumping 2x to 5x after BTC’s rally. If history repeats, a similar move could be coming soon.
