Analyst: Bitcoin may bottom out in October, with a dollar-cost averaging range of $48,000 to $62,000

Crypto analyst Ali Charts posted that, based on Bitcoin's four-year cycle, he expects BTC to reach the market bottom between October 6 and 16.

He believes that before the final capitulation phase arrives, investors should develop a dollar-cost averaging strategy in the range of $62,000 to $48,000, gradually accumulating Bitcoin. He assesses that the current bear market is nearing its end and states that now is the time to start turning bullish.