What crypto traders can expect in the final week of October 2026. Bullish or bearish week expected next? Can the price of BTC close bullish for October? The crypto community is once again wai
The crypto community is once again waiting with baited breath to see how the market will close as the month of October moves through its final days for the year. Presently, the crypto market is waiting for BTC and ETH to rise above certain bullish targets and bounce up from their current support levels. Let’s see what crypto traders can expect in the final week of October 2026, bullish or bearish week next?
The popular, reputed crypto analyst, Doctor Profit, known for his many accurate silver-tongued predictions goes on to share his latest market report, where he reveals that he has finished building the long positions which he announced and entered back when BTC was trading between $80,000 and $81,000. Thus, he states that his average entry is now $80,400 for the longs, while his average spot entry is between $60,000 and $64,000.
He then reminds traders to remember the sequence, where his earlier predictions called a breakout above $82,500, followed by a rally to $88,000, a prediction he made when Bitcoin was still trading at the $60,000 price range. After the move into that target area, he prepared for the correction where he called for BTC to dip no more than the $79,000 price range, opening the opportunity to accumulate more BTC.
https://twitter.com/DrProfitCrypto/status/2114492799794254164
As we can see from the post above, he recalls the events of the past few months and weeks, the latest of which is that his prediction played out as perfectly as expected. During the dip, the expert profited out of shorts from $87,000, which are all now closed. Presently, he has bought more Bitcoin long positions at the $80,000 price range. He believes the correction within the bull market is ending and that his next bull target for BTC lies at the $94,000 price range.
Stating that BTC is currently in the accumulation zone, he notes that spot demand is higher in this region, while long positions are also being built. He says that upon analyzing retail behaviour at this stage, it is clear that most retail traders are extremely bearish. Meanwhile, realized profit-taking had slowed to roughly half its pace around the September high. Overall, this means the average entry of institutional investors sits around $80,000 - $81,500, and profit-taking has slowed significantly.
Additionally, he sheds light on how the Fear & Greed Index is sitting at 54. Despite this, he believes fear is stronger in the market at the moment, further reinstating that accumulation at this point is critical. Since there has not been much panic selling from experienced investors so far, only a large number of weak hands have been shaken out. This shows promise for a steady rise in crypto prices soon.
