Bitcoin Rebounds: Could $183K Be Next?

Bitcoin (BTC) bounced back this week, climbing about 4% following dovish remarks from Fed Chair Jerome Powell. BTC now trades above $116,000, regaining momentum despite recent pullbacks.

📊 Analyst Take (Tony “The Bull” Severino)

• Support: BTC held the “Wall of Worry” support channel, in place since November 2023.

• Target 1: Median line around $144,000 (+24% from current levels).

• Target 2: If bullish momentum continues, BTC could reach the upper channel resistance near $183,000.

• Bearish Scenario: A clear breakdown might push BTC down to $95K–$100K.

📅 October Peak Outlook

Analyst Jordan Pivato expects the current cycle to peak around October 21, 2025, citing:

✅ Lengthening Bitcoin cycles

✅ Historically strong performance in October (average gains of +46.7%)

⚡ Current Market Snapshot

• BTC Price: $115,700

• 24h Change: +3.2%

• Trading Volume: $80.3B (+38.7%)

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With potential targets between $144K and $183K, analysts suggest the BTC bull run still has room to grow.