The crypto market took a breather today, with global market cap down 2.2% to $4.26T, as most top coins faced mild pullbacks. Still, analysts say the bigger picture remains bullish heading into Q4.


Bitcoin ($BTC ) slipped 1.8% to $121,788, while Ethereum (ETH) dropped 4.7% to $4,455. Almost every major coin followed — except BNB, which gained 4.7% to $1,306, making it the day’s standout performer. Dogecoin (DOGE) led losses, down 5.7% to $0.246.

Despite the dip, analysts at Bitfinex say the “corrective phase is likely behind us,” pointing to a setup that still favors a bullish Q4. Historically, October (“Uptober”) and Q4 have been Bitcoin’s strongest periods, with average gains near 80%.


Market sentiment has cooled from “greed” back to neutral, reflecting profit-taking after BTC’s run near all-time highs. But on-chain data shows steady accumulation, ETF inflows remain strong for ETH, and macro conditions — including easing inflation and dovish policy — continue to support the uptrend.


As one analyst put it: “The key question isn’t whether to participate — it’s when risk starts to outweigh reward.”


For now, Bitcoin eyes resistance at $126K and support near $121K. If it holds, the next leg toward $130K could be just around the corner. 🚀