"Is the 'October Bull Run' about to explode? Experts predict: the historical pattern of Bitcoin surging significantly reappears"

Bitcoin's trading price on September 18 was $116,500. Several Crypto Assets analysts pointed out that historical data shows Bitcoin typically experiences a strong Rebound after the September The Federal Reserve (FED) meeting, especially entering the seasonal bull run phase known as "Rally October."

Analysts are optimistic about Bitcoin's "October Effect", predicting a strong Rebound

(Source: Trading View)

Well-known Crypto Assets analyst Dean Crypto Trades shared an intriguing observation on social platform X: Bitcoin is currently only about 7% above its post-election peak, while the S&P 500 index has risen by 9% during the same period, and gold has soared by 36%. This relative underperformance may indicate that Bitcoin is about to experience a strong pump.

Dean stated: "The compression of Bitcoin is greater than that of other assets, so it is likely to lead the next major pump." However, he also cautiously pointed out that there is still a possibility of a "low-level decline" before any further breakthroughs. In addition, he believes that if Ethereum breaks through $5,000 and enters the price discovery phase, it may join this bullish trend.

Historical patterns support the expectation of a "rising October"

Another highly regarded analyst, Lark Davis, has analyzed the historical trends of Bitcoin prices before and after the September FOMC meeting in detail. He pointed out that, since 2020, there has been a strong rebound after every September decision, except for the bear market in 2022.

Davis emphasized that this trend is not necessarily directly attributable to The Federal Reserve (FED) interest rate decisions, but is largely seasonal, with Bitcoin typically performing well during "Pump October." This seasonal pattern has been confirmed by years of market data.

Technical Analysis: Bitcoin maintains strong support level, poised for a move

From September 16 to 17, Bitcoin increased by about 0.9%, rising from $115,461 to $116,520. On September 17, BTC briefly reached a peak of $117,317, before entering an accumulation phase.

Technical indicators show:

Bitcoin has tested the range of $116,400 to $116,600 multiple times and has consolidated its short-term support level.

· In the last hour of trading, BTC attempted to break through within a narrow range, and then suddenly surged as trading volume increased.

· This pattern confirms the breakout after accumulation, although the upward movement is limited.

Overall, the technical aspects of Bitcoin currently indicate:

· The strong support level is around 116,400 US dollars.

· The main resistance level is around 117,300 USD.

· The one-month chart shows that the upward trend remains intact.

· The sideways consolidation in recent trading days suggests that the market is "resting" and preparing for the next phase of volatility.

As the Federal Reserve's policy decision approaches, and with the seasonal factors of "Rising October" about to arrive, Bitcoin investors are closely monitoring market trends. Historical patterns and technical analysis suggest that Bitcoin may be preparing for a new round of pump, especially after experiencing compression relative to other assets.