Bitcoin Price Outlook: Analysts Spot Weekly Breakout — Is BTC Poised for Its Next Big Rally?

Jakarta, Pintu News – Renowned market analyst Jelle has identified a weekly breakout in the price movement of Bitcoin (BTC), signaling further upside potential in the near future.

This finding comes amid the positive trend of Bitcoin’s price movement, which continues to climb despite fluctuations. In early October, BTC was trading at around $117,000 and gradually rose until it broke the peak above $126,000 on October 6.

As of October 8, the price of BTC was at $122,788, recording an increase of around 4.7% in the past week. Amidst these dynamics, X (Twitter) analyst Jelle highlighted positive signals that suggest the bullish momentum is still continuing.

Weekly Breakout for Bitcoin

Based on the weekly chart shared by the analyst, Bitcoin’s price movement is showing a consistent increase in value, where BTC managed to break the previous resistance level and hold in the higher price area.

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For context, after experiencing a significant uptrend from around $76,500 on April 9 to breaking $119,000 in mid-July, Bitcoin started facing pressure at the resistance area around $119,500.

Since then, the price of BTC has continued to respect that resistance area and test the support zone several times, until it finally broke through and set a new record high above $126,000 on October 6.

A breakout like this signals a significant change in market direction. It has the potential to attract greater interest from both institutional and retail investors, pushing the price of Bitcoin towards new highs as bullish market participants buy.

Surge in Market Optimism and Enthusiasm

In response to Jelle’s post about Bitcoin’s weekly breakout, a number of commentators expressed their optimism and enthusiasm for the direction of the market.

One market watcher highlighted that bullish price action on the weekly chart is often a sign of the coming altcoin season, meaning Bitcoin’s current upward momentum could be the impetus for an altcoin price rally in the near future.

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Other comments mentioned that Bitcoin appears to be breaking out of the resistance area and preparing to continue its next leg up. They think BTC’s current technical structure looks clean and promises further profit opportunities.

Meanwhile, earlier in the day, Jelle also shared a short-term analysis through Bitcoin’s 4-hour chart. In the analysis, he highlighted a crucial moment when the price of BTC had corrected from its record high and is now retesting the resistance area from below.

Jelle explains that if Bitcoin is able to quickly reclaim the resistance area, this could signal the beginning of a strong upward movement, opening up opportunities for breakouts towards higher price levels.

However, he also gave a warning: if BTC fails to break through this resistance, then the price will most likely enter a consolidation phase in the range of $120,000 to $124,000. With these important levels being tested, the next few days will be a crucial period to determine whether Bitcoin is able to maintain its bullish momentum.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Analyst Identifies a Bitcoin Weekly Breakout, Where’s BTC Headed?. Accessed on October 9, 2025