It was a tough week for BTC USD. The good news is that a positive shift is underway. After a concerning dip, the Bitcoin price steadied, closing with a long lower wick that signals strong buying pressure. The digital gold found support at $108,900 before staging a robust bounce, closing above $110,000.
Right now, BTC USDT is holding firm above $112,000. Amid this refreshing rebound, attention is turning to Solana and one of its key revenue drivers: Pump.fun. The meme coin launchpad remains a hot topic, boosting PUMP and several top Solana meme coins along the way. While SOL USD fluctuates above $200, confidence is building that a surge in Pump.fun activity could ignite a full-blown Solana season.
(Source: BTC USDT, TradingView)
According to Coinglass data, optimism is mounting for Solana to break higher. The long/short ratio exceeds 2 on Binance, reflecting strong trader conviction. This bullish skew is especially encouraging after last week’s slippage, which briefly pushed SOL USDT below $200. What’s more? Trading volume on major perpetual futures exchanges, particularly on Binance and Gate.io, is rising, pointing to renewed trader interest.
(Source: Coinglass)
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Of course, whether Solana climbs higher and bolsters overall sentiment hinges on a broader market recovery.
Overall, how the Bitcoin price performs will play a pivotal role. Since last week’s pullback, bulls have reclaimed control, stabilizing prices and erasing losses from the latter half of the period.
On the BTC USDT weekly chart, support lies around $107,500, with nearby resistance at $120,000. For buyers to seize the initiative, however, a decisive rollback of last week’s losses is essential, requiring BTC USD to push beyond $115,500.
On X, one analyst argues that despite the recent correction, the next realistic target is $135,000, a milestone he expects by December. He highlights a promising Elliott Wave pattern unfolding, suggesting the next wave could propel Bitcoin sharply higher.
This outlook isn’t far-fetched. Historically, crypto, and Bitcoin in particular, has thrived in October. Over the past 15 years, BTC USD has posted average gains of nearly +30% in 11 of those 15 Octobers.
Even better, an October rally often carries into November, amplifying gains in what traders affectionately call “Moonvember.”
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With “Rektember” behind us, closing out the typically brutal month on a sour note with steep losses, diamond-handed HODLers who resisted the urge to sell stand to reap the biggest rewards in October and much of Q4 2025.