251003 [BTC] Bitcoin Outlook

The market rebounded immediately following Scenario 1, and is currently digesting resistance around the 120K level.

To summarize the current situation: “A shift from a downtrend to an uptrend has begun.” However, even in an uptrend, there will be declines, so risk management for potential drops remains essential.

As shown in the chart, Bitcoin is at a pivotal point near 113K, where it faced both upward and downward pressure. Over the past two days, strong buying pressure has decisively broken through the double bottom formation.

It has entered a favorable phase, and there is a high probability it will surpass the previous high to reach a new peak.

If the uptrend continues, the minimum target price seen is 127K.

Accordingly, the existing long-term outlook remains unchanged, with the potential to reach the 127K~138K range.

Following this, sideways movement is anticipated, with expectations for capital inflows into the altcoin market. At this point, an altcoin rally is forecasted.

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