Bitcoin analysts are eying an October breakout, despite the current market slump, partly caused by continuous negative outflows from the US Bitcoin ETFs.
Bitcoin is set for a breakout in October, according to analysts who are eying one last major correction ahead of the parabolic phase of the bull cycle.
Based on technical chart formations, the Bitcoin (BTC) bull run could see one more significant dip ahead of the next leg up, according to popular crypto analyst Mags.
The analyst wrote in a Sept. 9 X post:
