Has UPtober Started? $BTC Analysis and Thoughts

We’ve officially entered October, and with Bitcoin trading at $116,282 (+1.9% today), the big question on everyone’s mind is: Has UPtober already begun?

Looking back at the charts from the past weeks, Bitcoin has been through quite a ride. In late August, we saw the rally peak just under $124,000, followed by a steep correction down to the $108,000–$110,000 support zone in mid-September. At the time, momentum looked shaky, and in my earlier TA I highlighted the need for BTC to reclaim $115,000 in order to regain bullish traction.

Fast forward to today — BTC has done just that, closing back above $115K and now eyeing the $118K level...

Key Observations
Higher Low Structure: The bounce from $108K in September set a higher low, strengthening the bullish trend structure.
Resistance Zones Ahead: $118K remains immediate resistance, with $120K and $124K as critical breakout levels.
Volume Profile: The past two days have seen stronger green candles, suggesting fresh momentum entering the market.
Has UPtober Begun?
Historically, October has been one of Bitcoin’s strongest months, earning the nickname “UPtober.” If BTC can sustain momentum above $115K, the setup for a bullish October is intact.

Bullish Case: A breakout above $118K would likely send BTC retesting $120K–$124K, and a strong close above there could trigger a full bullish continuation toward new highs.
Bearish Case: If BTC fails to break $118K convincingly, we might see another retest of the $112K–$114K zone before attempting higher levels again