Bitcoin does the same thing every single October we have seen this happen in September and it just happened for the Fourth time ever so we're going to look At what exactly is Bitcoin going to do In October why is it going to happen and What are the odds that this plays out as Well as a price Target so if you hold Any Bitcoin this is a very very Important video but what are we talking About when it comes to October well We're talking about up toober everybody Because we have seen this play out like I said only four times in bitcoin's past And the thing I'm talking about is a Green September here's the monthly chart And you can see all the price action in Bitcoin's past now one thing you're Going to notice is we don't have a green September all that often but when we do Every single time all three times it is Given us a green October November and December but what makes this even more Important is how infrequently we are Green in September and so if we look Back at the tweet from Quinton 048 eth Definitely deserves a follow here 100% Of election years had agree in October November and December and if you want to Learn more about what an presidential Election will do for bitcoin's price we Just put out a video about a month ago But there's still the rest of November And the rest of December but what
Exactly are the odds we're going to get A green October November and December Well I have the odds and then after this We're going to do a price prediction Everybody and it is 82% odds we're going To have a Ultra bullish Q4 now the 82% Is by no means a certainty you can see It has only happened three times but has Happened all three times but with us Only having three data points it's only Given us a 67% confidence to make this Claim that it will be green but the 82% Comes from how many times it has been Bullish now Q4 has been green versus red 9 out of 11 times and so we can close Above 59k which we will do there's a 82% Chance Q4 is going to be bullish now if You're wondering what can we expect for October it is a 22% pump on average but It has been as high as 60% pumps but Let's talk about some price predictions Here well when it comes to price Prediction are we bullish or are we Bearish when it comes to bitcoin well if We kind of zoom out here and we kind of Look since the March high that was half A year ago folks actually more you can See we have gone from this Red Zone to The green zone and the red zone is a Bearish Zone and the green zone is a Bullish Zone you can tell by the lower Lows and the lower highs we were Creating within the Red Zone but if you See here for the past two months that is
Right since August and September now We're looking at higher lows as well as Higher highs spelling out a very bullish Outlook for Q4 but that doesn't help me Find the price Target to find the price Target we're going to use a old tried Andrue setup pattern and I want to give A big shout out to Lynn Speculator iio The old tried andrue method is going to Be a cup and handled now he's using the Monthly we're going to use the weekly Here now Q4 usually the best quarter for Bitcoin big players like Black Rock are Starting to get in we just now wrapping Up 6 months of consolidation and the US Dollar is weakening we're seeing China Print we're seeing the US Printing and So the dollar gets weaker Bitcoin gets Stronger now back to the huge cup and Handle pattern on the monthly here you Can see this is a typical cup and Pattern handle you go up you form a cup You make a little bit of a handle Usually go up retest the lip of the cup And then up to the upside here now Before we get into the price prediction Here I do want to give a big shout out To consolation network.i helping sponsor Our channel here you want to learn more About the ecosystem or more things that They're building you can go up here Click explore project and you'll see all The cool stuff being built on the dag SL Constellation ecosystem now back to the
Price Target here well it's pretty easy To see the cup so we're going to go Ahead and draw out the cup you can see The start of the cup right there curve Back up to the upside and then boom we Start the handle but I like to think This current upside movement is Potentially finishing the handle which Will go up above and then we'll bounce Back down and then we have our price Target so what is that price Target here Well to find that out it's a pretty Simple pattern folks you just just draw A line from the lip of the cup all the Way down to the bottom and then you Measure that from the breakout and that Gives you your price prediction now we Go ahead get the cup we go ahead and run It up and whoa we got to change the Screen over here because it's so bullish Folks that is a short-term price Prediction $120,000 Bitcoin this would be the Numbers we're looking at for potentially Q4 this would be a nice little Christmas Time bitcoin price if we can get this Cup and handle to play out now if you're Wondering that seems kind of high for Bitcoin to move that much in that short Amount of time well look how quickly uh Bitcoin was able to pump 73% AKA $30,000 did that in 42 days and if you Look at Q4 we have 92 days so if it Could pump that much in 42 days imagine
What it can do in 92 days so very very Long period for Bitcoin to end up Hitting some of these numbers if it can Move that much in 42 days I think it can Move that much in 92 days folks so we Have a very very bullish potential Outlook for Bitcoin historically this Would be a terrible time to sell you saw My price Target you know I think we can Hit 120 this year and if history is in The indication what we've seen with September is going to be a very green October November December history is Proven kindly in the past I think it's Going to prove kindly in the future so Hit that like button I appreciate you Watching this long and I'll see you and Your Bitcoin bags at q1 2025
