Bitcoin rocketed by 50% in October

FBS Team FBS

After a long correction in September, BTC/USD has managed to reverse up and gained 50%! How to trade it now? Let’s find out.

First, the growth has started in early October, supported by the comments of Federal Reserve Chairman Jerome Powell. He said that the US central bank had no intention to ban cryptocurrencies. That announcement encouraged crypto investors. As a result, Bitcoin surged by 10% that day. Secondly, the first Bitcoin exchange-traded fund in the United States has begun trading at the New York Stock Exchange! It is great news for the entire crypto market as the launch of this ETF has confirmed that Bitcoin is legitimate.

iTrustCapital: “The launch of the first bitcoin-linked ETF in the US will bolster the broader crypto market and help an entirely new investor class experience the benefits of bitcoin as a legitimate asset.” Bitcoin has increased its value significantly in October as investors on expectations of the fund's debut and also since more institutional investors with big names are purchasing it.

Tech analysis

Bitcoin has approached the psychological mark of $65,000. It’s a strong resistance level which the pair may fail to cross on the first try. The RSI indicator signals that Bitcoin can be already overbought. Thus, we might expect a short pullback to the support level of $60,000. It’s a good idea to add the MACD indicator to your chart. When the MACD bar crosses the red signal line upside down, it can signal that Bitcoin will go down. Still, the long-term trend remains upward. If Bitcoin closes above the resistance level of $65,000, it will rally up to the next round number at $70,000.

Author

FBS Team

FBS

FBS team is a group of professional analysts focused on Forex, stock, and commodity markets. Each expert possesses a years-long experience in fundamental and technical analysis.

Sonic Labs’ vertical integration fuels recovery in S token

Sonic, previously Fantom (FTM), is extending its recovery trade at $0.048 at the time of writing, after rebounding by over 12% the previous day. The recovery thesis’ strengths lie in the optimism surrounding Sonic Labs’ Wednesday announcement to shift to a vertically integrated model, aimed at boosting S token utility.

Midnight Price Forecast: NIGHT warms up as Hoskinson reveals March mainnet release

Midnight edges higher by 2% at press time on Thursday, driven by its founder announcing the mainnet release by late March at the Consensus 2026 event. The technical outlook for Midnight highlights a potential bottom formation that could ignite the next bullish trend.

Cardano Price Forecast: ADA eyes short-term rebound as derivatives sentiment improves

Cardano (ADA) is trading at $0.257 at the time of writing on Thursday, after slipping more than 4% so far this week. Derivatives sentiment improves as ADA’s funding rates turn positive alongside rising long bets among traders.

Top Crypto Gainers: Pippin rally logs over 75% gains, Aster and Kaia push higher

Altcoins, such as Pippin (PIPPIN), Aster (ASTER) and Kaia (KAIA) continue to trade in the green, defying the broader market pullback as Bitcoin (BTC) dropped to below $68,000. PIPPIN continues to rally and ASTER and KAIA show short-term recovery with possibilities of a breakout rally.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.