At the end of September, an earlier analysis highlighted the likelihood of continued upward momentum for Bitcoin in the days ahead. That scenario has now materialized — the price of Bitcoin has increased by more than 10% since the initial setup. However, the final target has not yet been reached, suggesting that even those who missed the earlier entry could still have an opportunity to participate.

To identify such opportunities, it is important to follow specific entry criteria that confirm the validity of the setup.

Bitcoin technical analysis

BTCUSD - 1 Day Time Frame

Following the initial setup, Bitcoin’s price produced an impulsive rally that surpassed both the first and second Buy-Side Liquidity levels previously identified — the second level representing the all-time high. At this stage, a corrective phase could be expected, ideally retracing toward the 0.5 Fibonacci level of the prior impulsive move.

Bitcoin price target

In practical terms, the price could experience a short-term pullback, forming a resistance zone on either the daily or four-hour timeframe. A secondary entry confirmation could be established once an impulsive close occurs above this newly formed zone.

A Stop Loss order could then be positioned below the internal low of the corrective structure. The target levels remain unchanged for both traders and longer-term investors, positioned near the psychological milestones of $130,000, $135,000, and $140,000.

Finally, it should be noted that entering immediately could carry higher risk. From a risk management perspective, waiting for the corrective retracement and the confirmation of a new setup may offer a more favorable balance between risk and potential reward. Entering prematurely could result in exposure to a deeper correction, which may trigger Stop Loss orders set below the previous swing low.