TradingShot analyst sees bitcoin falling to $61,500 by end of October
- —The $61,500 target is the 3.5 Fibonacci extension level where both 2026 corrections ended
- —BTC has bounced off the 50-week MA for three consecutive weeks, forming an arc-like pattern
- —The daily RSI is repeating the structure seen before previous selloffs, when it fell to 15.80
- —Analyst Van de Poppe sees $78,000 as the key level for continued upside
Why it matters: A break of the higher-lows trendline could accelerate selling, but a close above the 50-week MA would cancel the bearish scenario.
Source: Finbold