‎Bitcoin Targets New All-Time Highs Amid Renewed Bullish Momentum

‎BTCUSD Market Analysis – October 8

‎Bitcoin continues to exhibit strong bullish behavior as market sentiment shifts decisively in favor of buyers, signaling renewed confidence and the potential for another historic price surge.

‎Bitcoin (BTCUSD) Key Levels

‎Support Levels: $117,300.00, $108,100.00
‎Resistance Levels: $127,200.00, $135,000.00

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin has entered a fresh phase of its bullish trend, fueled by growing investor optimism and sustained buying pressure aimed at achieving new all-time highs. In September 2025, the prior bearish correction ended at the $108,100 demand level, where a failed low pattern triggered a strong bullish reversal.
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‎The renewed bullish momentum swiftly reclaimed the $117,300 demand level, with price action now targeting the $127,200 supply zone. Along this path, Bitcoin broke previous market structures to the upside, reflecting the dominance of buyers as the market establishes higher highs.
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‎Should price close decisively above the previous high, it would confirm a bullish break of structure, reinforcing expectations of continued upward momentum. The next key objective remains the $127,200 supply level, where a potential short-term retracement could emerge before further continuation.

‎BTCUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, Bitcoin experienced a brief bearish pullback aimed at filling the Fair Value Gap (FVG). This corrective move provided support for the next leg of the bullish continuation, as price rebounded sharply and resumed its upward trajectory.
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‎Price action has since moved above the 4-hour Moving Average, indicating a clear bullish stance and confirming the strength of current market sentiment. Additionally, the Relative Strength Index (RSI) shows increasing buying pressure, suggesting sufficient momentum for a potential breakout beyond the $127,200 supply level in the near term.
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