Uptober” Remains Intact as Bitcoin Holds Support ~US$115K

After its recent highs above US$125,000, Bitcoin retraced to around US$115,000, leading some traders to question whether the October rally (“Uptober”) is over. But analysts maintain that the uptrend still has room. The Block+1

Bitcoin dropped ~5.5% to ~$114,505 just after trade tensions escalated between the U.S. and China. Reuters+1 Yet technical watchers see $120,000–121,000 as critical support. If it holds, upside continuation is likely. The Block

Forecast models also suggest BTC might cross $140,000 by end of October if momentum holds. TradingView

What To Watch Now

• Whether the $120K zone holds as support.
• Volume confirmation on rebounds above resistance near $125K.
• Macro triggers: trade policy, dollar strength, government spending news.

Tips for Xoibit Traders

• Use layered entries: don’t go all in at once.
• Tighten stops below critical support zones to protect downside.
• If you’re bullish long-term, weak zones may serve as reentry points.