Bitcoin price prediction abound after the crypto market saw a rude interruption in its rally. CryptoQuant analyst Joao Wedson reiterated the Bitcoin (BTC) USD price prediction that the cycle top remained intact.
The analyst predicted the next cycle top for Bitcoin at $146,000, citing historical cycle patterns in the coin’s price behavior.
The BTC price also formed a bullish divergence, signaling an imminent breakout. The ‘Uptober trend’ has further added to the optimistic sentiments.
Analyst Repeat the $146K Bitcoin (BTC USD) Price Cycle Top Prediction
Wedson emphasized in an X post that the next BTC USD price cycle top will fall between $143,700 and $146,300.
This prediction, according to Wedson, is based on historical cycle patterns in the BTC price behavior.
Typically, as seen in Bitcoin news, BTC tends to follow roughly four-year cycles tied to its halving events.
During this event, the block reward for miners is halved, reducing the supply of new BTC USD. These cycles often include a bull run, followed by a correction.
In his post, Wedson explained that the Bitcoin price $146,000 cycle top prediction remains valid as long as BTC is in reaccumulation.
However, he noted that the top is already behind at $126,000, if the market is in distribution.
In the market cycle, reaccumulation is a phase where an asset consolidates after a rally, building a base for another upward move.
On the other hand, distribution is a phase where large holders sell off their positions, often signaling the end of a bull run.
Notably, Wedson leans toward reaccumulation, expressing skepticism that the BTC price has already hit an all-time high (ATH).
Bitcoin (BTC USD) Price Prediction: Bullish Divergence Forming
Another market analyst, Ash Crypto, pointed out a bullish technical analysis signal for BTC.
According to Ash Crypto, BTC USD is forming a “Hidden Bullish Divergence” on the one-week price charts.
The analyst posted a chart that displayed the BTC price action paired with the Relative Strength Index (RSI).
The candlestick chart highlighted a potential hidden bullish divergence, a key signal for trend continuation in an uptrend.
Although as observed in recent Bitcoin market news updates, the BTC USD momentum is still lagging.
The divergence indicates buyers are stepping in to defend higher price levels. The pattern is hidden because it is less obvious than a regular divergence.
As seen in the chart, the RSI closed at 48.77, indicating neutral territory. An RSI valued below 50 is usually a sign of a bearish market.
However, when paired with the current bullish divergence, it is not enough to break the trend. Similar divergences preceded major price breakouts in previous cycles.
If the current divergence plays out, the market can expect to see a breakout above $126,000 resistance.
At press time, BTC price hovered around $106,988, up 1.8% over the previous day.
Is Uptober Trend still on Per History?
Meanwhile, Bitcoin has witnessed massive volatility this month, with the price down 9.2% within this timeframe.
The declining BTC prices this month have raised concerns about whether the Uptober trend is still on.
In the crypto market, “Uptober” is a term coined to describe Bitcoin’s historically strong performance in October.
According to data from CryptoRank, BTC has seen an average gain of 13.7% in October over the past 14 years.
Since October 2019, Bitcoin news has seen the price in the green for six consecutive years. In October 2019, 2022, and 2023, Bitcoin registered gains of 10.5%, 28.1%, and 40%, respectively.
These gains continued in October 2024, 2025, and 2026. So far in October 2025, BTC price is down 6.23%, invalidating the bullish Uptober trend.
Still, analysts believe the Bitcoin price trend is not over this year, and their prediction emphasized that the early price rally this month confirms that the seasonal strength has kicked in. The 6.23% dip is recoverable.