- Bitcoin has broken above a descending channel that held since July, signaling bullish momentum.
- Key support now sits at $112K; bulls must defend this level for upside continuation.
- October has closed green in 9 of the past 10 years, making it Bitcoin’s strongest month historically.
Bitcoin (BTC) is trading at $118,514 after a 3.47% daily surge, pushing weekly gains to 6.08%. Backed by strong volume and a breakout from a descending channel, BTC kicks off October with renewed bullish momentum and “Uptober” optimism.
BTC Breaks Out to Start “Uptober” With Bullish Fire
Bitcoin is off to a strong start in October, closing above its descending channel that had confined price action since mid-July 2025. The breakout came with conviction, backed by strong daily volume, suggesting renewed bullish momentum at the start of Q4.
The $BTC/USD daily chart, shared by market analyst Daan Crypto Trades, highlights a clean breakout above the upper trendline of the descending channel. This technical move breaks a pattern of lower highs and lower lows, potentially marking the end of a short-term downtrend.
Notably, Bitcoin surged over $3,000 on October 1st alone — one of its strongest daily moves in recent months. The move comes at a historically favorable time for BTC, with October proving to be the most bullish month for the asset over the past decade.
Key Levels to Watch as Bulls Take Charge
While the breakout is promising, eyes remain on critical levels. The $112,000 zone — previously resistance — now flips into crucial short-term support. A strong defense of this level could validate the breakout and open the door for further upside.
Chart analysis shows dotted support and resistance zones at $111,886 and $107,525. These zones have been reaction points during prior consolidations.If a retest happens, staying above key levels could support more gains.
October: Historically Bitcoin’s Turning Point
Market data from Coinglass underscores October’s reputation — dubbed “Uptober” by the crypto community. In 9 of the last 10 years, Bitcoin has posted green monthly closes during October. Gains have ranged from modest (+0.48% in 2025 so far) to explosive — like +47.81% in 2017 and +39.93% in 2021.
Even after weak Septembers, Bitcoin often rebounds strongly, and even rallies in Q4.This is backed up by seasonal factors such as institutional re-entry and broader macro anticipation heading into year-end.
The bullish momentum comes during a new U.S. government shutdown. In past shutdowns, Bitcoin first jumped but later dropped sharply — falling 23.44% in 2018 and 18.01% in 2019. It’s unclear if the same pattern will happen this time.
