
Based on two weeks of October price behavior, a new ATH in 90 days may not happen. This was predicated on Bitcoin reaching $88k, or -30% from its ATH. I thought this was reasonably possible in October or at least by November. But looking at historical data, there is a clear channel in the 3rd week of October that delineates Bitcoin's 4Q trajectory-for the entire period. Bitcoin appears easily headed for the bearish track. Maybe this time is different, but it would break 15 years of history.
