
10/09/2025
New post added at Bitcoin, Altcoins Rebound As Bulls Target New HighsKey points:Bitcoin experienced profit booking on Tuesday, but the shallow pullback suggests that the bulls are not rushing to the exit, as they anticipate the uptrend to continue.Many altcoins rebounded off their support levels, indicating buying at lower levels.Bitcoin (BTC) turned down sharply on Tuesday, but the bears could not pull the price below $120,000. That suggests solid demand at lower levels. The bulls have pushed the price above $123,000 and will next attempt to clear the overhead hurdle at $124,474.Analysts are bullish on BTC’s prospects in October, which has been the second-best performing month on average since 2013, with an average gain of 20.75%, according to CoinGlass data. Economist Timothy Peterson said in a post on X that there was a 50% chance of BTC finishing the month above $140,000.Crypto market data daily view. Source: Coin360Although the trend remains up, traders need to be cautious because the failure to rise and sustain above $126,000 could trigger another bout of selling. The next dip may put the $120,000 support at risk of breaking down. If that happens, analysts anticipate support in the range between $118,000 and $114,000.Could BTC start the next leg of the uptrend, pulling altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price predictionBTC rose to a new all-time high of $126,199 on Monday, but the bulls could not sustain the higher levels.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe BTC/USDT pair turned down and fell below the breakout level of $124,474 on Tuesday. The upsloping 20-day exponential moving average (EMA) ($118,110) and the relative strength index (RSI) in the positive territory indicate that the bulls hold an edge. Buyers will again try to resume the uptrend by pushing the Bitcoin price above $126,199. If they can pull it off, the BTC/USDT pair may climb to $138,154.Conversely, if the price continues lower and breaks below the 20-day EMA, it suggests that the market has rejected the breakout above $124,474. The pair could then drop to the 50-day simple moving average (SMA) ($114,276).Ether price.....
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Bitcoin, Altcoins Rebound As Bulls Target New Highs Fernando Oliva — October 9, 2025 0 comment Tweet on Twitter Share on Facebook Google+ Pinterest Key points: Bitcoin experienced profit booking on Tuesday, but the shallow pullback suggests that the bulls are not rushing to the exit, as they antic...