Bitcoin’s pullback can fit a stair-step bullish chart pattern—but it does not confirm that another advance is coming. In Verified Investing’s October 1, 2026 analysis, the move was described as a potential bull flag after a reported rally of roughly 40% from an August 16 low to the prior week’s high. That was a dated chart interpretation, not a live-market update or a validated rule for predicting returns.
What a stair-step bullish trajectory means
A stair-step pattern describes advances interrupted by periods of sideways or downward consolidation. The bullish interpretation is that a pause gives back only part of the preceding advance, leaving the broader sequence intact. It describes how past prices look; it does not establish what prices will do next.
Verified Investing’s October 1 analysis characterized Bitcoin’s pullback after its reported roughly 40% rise as a potential bull flag. In that reading, consolidation could be another pause before a further move higher. The pattern would be more persuasive if price held above relevant support and then broke through resistance; a test or rejection at resistance would not amount to confirmation.
Which dated price levels did the analysis identify?
The October 1 analysis laid out these overhead levels and a projection. They belong to that dated setup and should not be treated as current quotes:
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| Level | Role in the October 1 analysis |
|---|---|
| $87,400 | First resistance hurdle identified by the analyst. |
| About $90,000 | Next resistance area. |
| About $97,924, rounded to $98,000 | The year’s high in the analysis. |
| $100,000 | A psychological barrier. |
| Near $106,000 | An earlier inverse head-and-shoulders measured-move projection, not a promised target. |
The analyst also cited a rising trendline as moving resistance. Unlike a fixed price level, its value changes over time. These levels and the roughly 40% move were the publisher’s reported chart reading, not an independently checked price series. Verified Investing’s October 1 analysis provides the dated context.
Why the bearish alternative still matters
A September 17 analysis from the same publisher described a competing head-and-shoulders scenario. It identified $89,000 as the neckline: a break above it would invalidate that setup, while remaining below it left a downside projection near $37,508 in play. That figure was a conditional chart projection, not a probability-weighted forecast or a guaranteed outcome.
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The September analysis also focused on a then-discussed $75,500 floor and distinguished intraday wicks from closing prices around it. It described a possible reclaim above $78,500. Those levels belong to the September setup; they should not be merged with October’s resistance sequence as though both were simultaneous live market levels. Verified Investing’s September 17 analysis explains that alternative scenario.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to read the evidence without treating a pattern as a forecast
- Separate closes from intraday wicks. A brief move through a level and a close beyond it are different observations. The September analysis made that distinction around its dated $75,500 floor.
- Watch support and resistance together. Holding support may preserve a bullish interpretation, but it does not by itself clear the overhead hurdles identified in October.
- Distinguish a break from a test. An approach to a resistance level, or a rejection there, is not a confirmed breakout.
- Keep both patterns conditional. The potential bull flag and the head-and-shoulders scenario are competing readings of price action, not established predictive rules.
The available analyses do not establish that stair-step patterns reliably predict future returns. Their levels are useful for understanding the analysts’ scenarios, not as standalone reasons to buy or sell. Verified Investing describes its material as educational and informational and says trading involves substantial risk; chart projections cannot guarantee an outcome. Read the publisher’s disclaimer.
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