Trading expert sets Bitcoin's price for end of October 2026

What happened

A trading analyst named TradingShot posted a prediction on September 11 that Bitcoin could fall to $61,500 by the end of October 2026 if a key support trendline fails. The prediction is based on a bearish chart pattern similar to setups before Bitcoin's two largest sell-offs this year.

Confirmed

Global impact / market context

If Bitcoin's price drops, investors holding it could see the value of their holdings fall. A decline might also hurt companies that rely on Bitcoin sales or trading activity, reducing their revenue. This prediction highlights potential downside risk for crypto-related assets and investor portfolios.

Analyst inference

Bitcoin has been rejected by its 50-week moving average, which is an average price over 50 weeks, for three straight weeks. This repeated rejection has created bearish momentum and formed an arc pattern. This pattern resembles structures seen before January and May 2026 market tops, suggesting a possible downtrend.

Analyst inference

What to watch

1. Watch whether Bitcoin's price breaks below the key support trendline that the analyst identified. If it fails, the predicted decline toward $61,500 by October 2026 could unfold, according to the TradingShot analysis. Confirmed
2. Consider monitoring whether Bitcoin continues to get rejected by its 50-week moving average. Three consecutive rejections have already occurred, and further rejections could strengthen the bearish case, potentially leading to lower prices. Proposed
3. Investors might track whether the arc pattern formation completes or fails. If the pattern plays out similarly to January and May 2026 setups, further downside could follow. A break above recent highs could signal the bearish thesis is wrong. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• finbold.com