Bitcoin has shown resilience in recent weeks, as data from the TradingView platform indicates a rebound from the bottom at $108,600, reaching the current level of $114,200. This development suggests that a more stable sideways trend could form from the corrective movement. Interestingly, local lows are gradually moving upward, confirming growing investor interest.

Current price rebound

Despite the positive impulse, the price still faces an obstacle in the form of a resistance zone between $117,000 and $118,000. This is an area where increased trading volume occurred during the summer, and traders often took profits here. If Bitcoin manages to overcome this barrier, it will open the way for further growth.

An interesting paradox is unfolding in September. Historically, it has been the worst month with an average return of -3.04%, yet Bitcoin has managed to gain 5.7% this year, which comes as a positive surprise for many investors, considering that the last losing September occurred in 2022.

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October is highly profitable for Bitcoin

Bitcoin seasonality plays a key role in predicting its future development. Statistics show that October is the second most profitable month after November. On average, it has yielded a 21.89% return over the past 12 years, according to data from Coinglass. This fact supports investor optimism, who expect the positive sentiment from recent days to continue.

If historical patterns repeat, Bitcoin could gain further upward momentum. Additionally, the market is strengthened by the gradual rise of local lows, which may signal stronger demand for this cryptocurrency. Although risks remain, the combination of favorable seasonality and current technical setup suggests that Bitcoin has a promising period ahead.