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Bitcoin may rise 5% soon as bearish sentiment builds, signaling a key cycle turning point.

Technical Signals
23 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin may rise 5% soon as bearish sentiment builds, signaling a key cycle turning point.

Bitcoin trader Killa predicts a key cycle turning point within days based on his analysis of over 600 days of Bitcoin price data. He identified 11 previous turning points that moved against the prevailing market sentiment, suggesting Bitcoin could rise at least 5% despite current bearish trends. However, Killa cautions that the turning point might not trigger an immediate sharp move, and he will closely monitor Bitcoin's price behavior when it occurs. This insight is significant as it challenges the prevailing bearish outlook and could signal a short-term price rebound.

Bitcoin cycle turning point is the story's subject, with Pluang market data providing context. As of Oct 24, 2026 10:02 WIB, 11 of 50 major cryptocurrencies rose while 38 fell. Notable movers include SNX at Rp3.655 with a -4.94% change and 100% buy orders, ONE at Rp25 with -4.71% change and 97% buy orders, and GRT at Rp423 with -4.20% change and 72% buy orders.

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