This will be the price of Bitcoin: This is how October looks for BTC after an analysis of 379 on-chain metrics

CryptoQuant analysts examined 379 on-chain metrics to predict how Bitcoin will perform this October.

Bitcoin closed September without breaking the technical silence many expected. After several weeks of ups and downs, the market's most important cryptocurrency remains trapped in a range or sideways market, according to a recent report published by CryptoQuant. The platform's analysts point out that this behavior, far from being a pause, could set the tone for the cryptocurrency's next big move.

El full test It highlights that October started with a dose of uncertainty, so no one seems to be sure whether the price will finally break through its resistance or continue to oscillate within the current range. According to analysts, while this scenario may seem monotonous to the most impatient investors, for many others it is full of useful signals. Every candle, every support level, and every piece of on-chain metrics hides clues as to where the market could be headed.

CryptoQuant analysts relied on deep learning models to combine data on exchange flows, holder behavior, and miner activity to provide a more accurate view of the current situation. While the report doesn't predict an immediate breakdown, it does suggest that the accumulated pressure is reaching levels that have historically preceded significant movements in Bitcoin's price.

Bitcoin is still in a consolidation phase, according to experts.

According to CryptoQuant analysts, the current Bitcoin market is characterized by a consolidation phase, where the price has been moving between solid support located at $108.000 and resistance near $123.000. It is worth noting that, although Bitcoin reached a all-time peak of $126.100On October 6, this did not translate into a sustained breakout that would allow for the definition of a new immediate upward trend.

Experts described this phase as a “reaccumulation” process, a time when large investors and institutions reinforce their positions without causing sudden price movements. It's a kind of strategic pause: the market takes a breath before deciding where to move more clearly.

On the daily charts, we can see the Bitcoin price repeatedly attempting to break above the overhead resistance, with constant signs of unrelenting buying pressure. Each touch of that area reinforces the idea that bullish momentum is still alive, just waiting for the right trigger.

Far from signifying disinterest, this market range reflects an unusual balance. According to analysts, buyers and sellers appear to be cautiously gauging their positions, waiting for the catalyst that will mark Bitcoin's next big move. For many, this stability before a crash is often the prelude to a significant change in the market.

Bitcoin could experience a strategic calm in October

To better understand the possible direction of Bitcoin during this month of October, CryptoQuant analysts used their artificial intelligence model NBeats Ensemble, which works with 379 parameters related to blockchain and crypto market activityThis sophisticated system is designed to interpret multiple variables affecting price behavior and provide a projection for the next 30 days.

The result of this prediction underlines that The probability of a strong breakout in October is lowAccording to the model, Bitcoin is expected to continue fluctuating within the defined range, with an inclination to remain at the top of the interval between $108.000 and $123.000. This data is significant, as it suggests that, although the momentum to break through the resistance has not yet consolidated, the buying pressure and strength the digital currency has shown thus far remain present.

From an artificial intelligence perspective, the market is in a sort of strategic pause, meaning that sharp or extended moves could be seen ahead once one of these key levels is broken with conviction. Therefore, during this month, volatility may be present, but within controlled limits, and the main focus will be on monitoring what happens with these support and resistance levels.

Bitcoin at new all-time highs

Although the leading cryptocurrency has just hit new all-time highs, exceeding $126.000The combined analysis of technical analysis and artificial intelligence models suggests that October will not be a month of major leaps or abrupt reversals. According to the platform's experts, the metrics indicate that Bitcoin will enter a consolidation phase, moving within the $108.000 to $123.000 range, a territory that outlines the dominant short-term narrative and requires traders to remain cautious and alert.

In this context, current levels act as true battle lines. A consistent break above resistance could pave the way for further gains, while a firm drop below support would pave the way for a steeper correction. 

October, therefore, is shaping up to be a month for observation rather than impulsive action. Analysts agree that this period will serve as a kind of strategic pause before the market defines its course. CryptoQuant's artificial intelligence models support this view: everything indicates that Bitcoin's behavior is headed toward prolonged consolidation, rather than an immediate breakout. In other words, the dominant narrative points, for now, to a Bitcoin consolidating, but maintaining the strength that brought it to its current new highs.