OCTOBER 19: BTC’S BIG PUMP BEFORE THE MAJOR CORRECTION?
Support First. Then a Run to the Channel Top?
#BTCUSDT | Market Outlook
Bitcoin may first pull back toward the $78,000–$79,000 zone, where the daily 60-day EMA is an important dynamic support to watch. A sustained hold above this average would keep the short-term bullish scenario intact.
If support holds, I expect a strong upward impulse to begin around October 19, potentially carrying
$BTC toward the channel ceiling. That upper boundary could then become a key resistance area—and the point where a broader correction begins.
This scenario depends on how price reacts at support and at the channel top. Watch for confirmation at both levels.
#Crypto #Bitcoin
tradingview.com/chart/BTCUSD…\