Investing Bitcoin experienced a short squeeze in the Asian trading session, briefly testing $67,900 before profit-taking set in. The futures market shows funding rates slightly positive, indicating mild bullish bias from leveraged traders. Chartists are eyeing the $68,000 level as a psychological hurdle for sustained upward momentum. Some analysts attribute the Bitcoin rally to historical chart analysis: For over a decade, October has been one of the strongest months in Bitcoin's annual cycle. Since 2013, the price has only fallen during October in two years - 2014 and 2018 - which is why Bitcoin enthusiasts also refer to it as "Uptober." Benzinga previously shared that investing stimulus checks into Bitcoin, Ethereum (CRYPTO: ETH ) and Dogecoin (CRYPTO: DOGE ) turned into nice returns for consumers who did not need the money for groceries, bills or other necessities during the COVID-19 pandemic. The Investing Bitcoin narrative remains supported by a growing trend of corporate treasury allocations into crypto. Recent announcements from mid-cap tech firms adopting BTC as part of cash reserves helped stabilize market sentiment after minor sell-offs. Analysts forecast a potential 8% upside in the next seven trading sessions if global equities maintain strength.