Was October Bitcoin's strongest month?Bitcoin / U.S. dollarBITSTAMP:BTCUSDJulesWoodBTC rose nearly $4,000 intraday, breaking through the $114,000 mark, but subsequently retreated lower. The 1-hour chart shows BTC trapped in a narrow range, fluctuating between $107,000 and $127,400. If the price falls below $107,000, a bearish double top pattern could form, leading to a further drop below $110,000. If the price rises above the moving average, selling pressure could weaken, potentially testing the all-time high. Exchange reserves fell to 2.4 million Bitcoin in September, indicating increasing market accumulation and over-the-counter storage, and continued institutional support for Bitcoin. Trading strategy: In the short term, Bitcoin prices remain uncertain. If they fall below the $113,200 support level, further declines are possible, so consider shorting. If the price rises above $117,500, consider entering a long position. For specific trading advice, please follow and contact us.