Bitcoin - Downtrend will continue to 109,000! Alt-season October

[bonk]

Bitcoin and altcoins have been crashing in the past 2 weeks! Is there any hope for a bull market, or has the bullish cycle ended? In this analysis I will tell you my personal opinion, and if you haven't seen my previous very successful analysis on Bitcoin, you can do it right now! Because it's highly informative, and it can open your closed eyes.
In short, Bitcoin just recently hit the long-term trendline from 2017 - 2021 - 2025, and yes, the market reacted to this trendline and dropped as expected. Because this is a major trendline, we have to expect a strong reaction. I still think the market needs to go lower in the short term because there is an unfilled FVG at 109k, so closing this gap would be appreciated. This GAP is also a strong support because it's in a confluence with this blue parallel channel, and the upward-sloping trendline definitely acts as a support. In the short term we should see a bounce from this trendline.

You probably saw that Ethereum massively pumped, and some specific altcoins as well. We saw a short-term alt season, there is no doubt about it, but will this altcoin season continue or not? Currently I do not see a bottom on altcoins, so BTC.D should go up in the short-term and mid-term, but in October/November/December I think that would be a very good time to buy some altcoins for the upcoming alt season!

Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!

[Maxwell]

Interesting take! I’m keeping an eye on that 109k FVG zone too — feels like a magnet for price right now. Curious how altcoins will behave if BTC bounces from there. Thoughts on $LINK?

[Nahiar806]

Solid breakdown! That 2017–2025 trendline touch definitely wasn’t random. Market structure still looks intact to me — just a healthy correction so far. Can you do an analysis on $INJ?

[rafihasan]

Respect for calling the alt bounce earlier — not many saw that coming. October–December sounds like prime accumulation time. What do you think about $SOL for that next leg up?