Bitcoin is about to break out - 53k resistance

Uptober is here. The last quarter of the 2021. Five consecutive Septembers where Bitcoin ends lower than it was at the start of the month. Bitcoin is only a few thousand dollars away from a breakout through the resistance.

This breakout will validate the cup and handle pattern and invalidate the dead cat bounce pattern.

There was this chance of a dead cat bounce after Bitcoin went all the way up 53k and did some retracement. That is the final resistance that Bitcoin needs to test in order to invalidate the dead cat bounce with a higher probability. It is a matter of days before the confirmation.

This could be an exciting month. This month's Bitcoin ending target is around 63k, November 98k and December 135k according to PlanB and his stock to flow model. However, that being said, there are still plenty of critics and those who think Bitcoin is going to 30k and 0. The tug of war begins.

Let's hope for the best and Bitcoin goes to the moon.