After the record-breaking $19B liquidation that shook markets last week, Bitcoin and altcoins are bouncing back. The crypto market has regained stability above $4 trillion in capitalization, and October’s bullish reputation seems to be holding strong. Analysts call this month’s pullback a “healthy reset” rather than the end of the bull cycle. Meanwhile, Ethereum, BNB, and Solana show renewed strength — and a surprise debate has erupted after Jack Dorsey declared that “Bitcoin is not crypto.” Here’s everything you need to know this week.
Bitcoin Rebounds as Bulls Regain Control
Bitcoin (BTC) staged an impressive comeback this week, climbing back above 96.000 € ($111,700) as investors shrugged off last week’s dramatic crash. The recovery came as traders turned optimistic ahead of a confirmed U.S.–China trade summit later this month, and institutional sentiment started to improve.
Data from Coin360 showed a sea of green across major cryptocurrencies, with BTC up 2.1%, and altcoins like ETH, BNB, XRP, and SOL following closely behind. Despite ongoing volatility, analysts believe the structure of the market remains strong and that the recent liquidation flushed out excessive leverage rather than breaking long-term momentum.
Several institutional surveys also supported this outlook. A Coinbase report showed that 67% of institutional investors remain bullish on Bitcoin for the next 3–6 months, while only 18% expect further declines. Many large funds reportedly used last week’s dip to accumulate BTC at lower prices — a sign of ongoing confidence in the macro uptrend.
Still, technical analysts warn that resistance remains near 99.000–101.500 € ($115,000–$118,000), where sellers tend to take profits. However, as long as BTC stays above the key 92.000 € ($107,000) support, the bias remains upward.
👉 Beginner takeaway: A strong recovery after a crash often means the market has found a temporary “floor.” When Bitcoin holds above key support levels and large investors keep buying, it’s usually a signal that confidence is returning and panic selling is over.
“Uptober” Optimism: Analysts Say the Trend Remains Intact
Despite last week’s record $19B liquidation, many analysts still believe “Uptober” — the historically bullish month for crypto — is on track. Experts from HashKey Group stated that short-term volatility was expected, but that long-term fundamentals remain positive, supported by easing monetary policy, improving liquidity, and declining geopolitical tensions.
Historically, October has been one of Bitcoin’s strongest months, with price gains in 10 of the past 12 years. The biggest rallies have often occurred in the second half of the month, suggesting that the best might still be ahead.
Analysts note that the recent crash helped cleanse the market of overleveraged traders, creating a more stable base for sustained growth. Others believe the combination of a possible U.S.–China trade deal, expectations of interest rate cuts by the Federal Reserve, and a return of institutional inflows could drive renewed upward momentum.
Meanwhile, investor sentiment across social media is shifting back toward optimism. The phrase “Uptober is still alive” has been trending again on X, with traders pointing to Bitcoin’s consistent ability to recover from shocks throughout 2025.
👉 Beginner takeaway: October has a long track record of being a strong month for Bitcoin. Market corrections are normal — they clear out risky positions and often lead to more sustainable growth. If historical patterns repeat, the second half of October could bring new momentum.
BTC, ETH, and BNB: Price Predictions and Technical Outlook
Analysts remain optimistic on Bitcoin’s near-term path. After finding solid support around 92.000 € ($107,000), BTC quickly rebounded, showing strong buying interest.
If the bulls manage to push past resistance at 99.000 € ($115,000), Bitcoin could target the previous all-time high near 108.500 € ($126,000). On the downside, a break below 92.000 € ($107,000) could lead to another correction toward 86.000 € ($100,000), but this scenario currently looks less likely given the positive momentum.
Ethereum (ETH) has also regained strength, bouncing off the 3.011 € ($3,500) support line. Analysts expect ETH to climb back toward 4.250 € ($4,950) if buyers can maintain control. The pattern on the ETH/USDT chart suggests the asset remains inside a bullish channel, with traders eyeing a potential breakout in the coming weeks.
Binance Coin (BNB) has been another notable performer, holding firm around 943 € ($1,096) and recovering from earlier losses. Strong volume and steady buying have helped the token regain its footing, and analysts believe a move above 990 € ($1,150) could confirm a broader trend reversal.
👉 Beginner takeaway: Support and resistance levels are like “psychological barriers” on the charts. When prices bounce off support, it shows buyers are defending that level. If the price breaks above resistance, it often signals renewed strength and a possible next leg up.
Dorsey Sparks Debate: “Bitcoin Is Not Crypto”
In a surprising twist, Jack Dorsey, founder of Twitter and long-time Bitcoin advocate, stirred controversy this week by posting, “Bitcoin is not crypto.” His comment reignited a debate about Bitcoin’s original purpose versus the broader crypto industry.
Dorsey argued that the Bitcoin white paper never mentioned the word “crypto” — describing BTC instead as a “peer-to-peer electronic cash system” and a monetary network based on proof, not trust. Some interpreted his comments as a defense of Bitcoin’s unique role as digital money, separate from other blockchain projects or speculative tokens.
The post also reignited interest in Satoshi Nakamoto’s 2008 white paper, which emphasized Bitcoin’s purpose as a decentralized, trustless payment system — not a financial asset for trading. While many users supported Dorsey’s view, others criticized it as overly purist and disconnected from today’s crypto ecosystem.
👉 Beginner takeaway: Bitcoin was originally designed as digital cash — a way to send value directly between people without banks. Over time, it became seen as a store of value, like “digital gold.” Dorsey’s comment reminds investors of its roots, but in today’s market, both views coexist.
Closing Thoughts
After one of the most volatile weeks of 2025, the crypto market has stabilized and is regaining confidence. The $19B liquidation that initially caused panic has turned into a foundation for renewed growth. Institutional optimism, easing global tensions, and historical “Uptober” strength are all fueling the recovery.
Whether Bitcoin’s next move is a steady climb or another test of support, one thing is clear — the market’s resilience remains impressive.
As the second half of October unfolds, all eyes will be on whether Bitcoin can hold above 95.000 € ($110,000) and spark the next major rally of the year.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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