Bitcoin has recently surged past $120,000, putting it closer to its all-time high and fueled by optimistic predictions for October. The Bull Theory team predicts a potential 20% rise in the remaining days, citing historical patterns and current technical indicators. This forecast suggests that Bitcoin could soon test its previous peak. Historical data from CoinGlass indicates positive returns during October in 10 out of the last 12 years, with an average return of 20.62%. While some years experienced losses, such as 2014 and 2018, October often follows a similar trend when September yielded gains. For example, a 2.35% September increase in 2015 led to a 33.49% surge the following month. Similarly, last year’s September gain of 3.91% was followed by a 28.52% boost in October. Market analyst Michael van de Poppe believes sustaining the 20-week moving average as support and surpassing the $112,000 downtrend could lead to a historic weekly closing, signifying bullish signals. This momentum has been reinforced by rallies in precious metals, fostering favorable conditions for risk appetite through interconnected channels. Van de Poppe predicts that maintaining this momentum might propel Bitcoin to the $150,000 milestone in the fourth quarter. A combination of seasonal trends and technical advancements suggests a potential record-breaking month. However, volatility is expected as Bitcoin navigates uncharted territory, and market watchers remain cautious. While optimistic, thorough analysis remains crucial for navigating the volatile digital currency landscape.