Low odds for BTC price breakout in October: 5 key insights to note this week

Bitcoin (BTC) has peaked at approximately 125,162 USD. Traders anticipate the price to stabilize above 123,000 USD, with key support being 118,000 USD amid predictions of a consolidation phase this October.

Forecasts from an AI model indicate that the likelihood of a BTC breakout this month is low, predicting range-bound price action largely between 118,000 USD and 123,000 USD. Traders are thus advised to monitor these levels closely.

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