Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Thursday, October 17th, and today we are talking about the Bitcoin surge.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash

breakdown pod.

All right, friends, well, as we head into the second half of October, Bitcoin has come alive.

So far this week, we've seen a 7% rise with Bitcoin challenging the $68,000 level for the first time since July.

Will Bitcoin finally break out of the choppy summer downtrend or will this be yet another failed rally?

If the month ended today, this would be the fourth worst October on record.

Each of the other three came during brutal crypto winters.

However, the historical record does show that the bulk of October gains usually come in

the back half of the month, so there's still time for an October to remember.

There are a ton of signals that could go

either way, but Bitcoin is definitely in the region where a breakout is possible. Veteran trader

Peter Brandt wrote, Bitcoin prices in the window. Will Bitcoin escape through the window or have

the window slammed on its head? One of the most noteworthy points is that this is clearly Bitcoin

outperformance. In previous upcycles, Bitcoin has always led.

Dispersion into altcoins is usually a sign that the bull market is getting a little long in the

tooth. We saw a few hints of a rotation over the summer, but nothing long-lasting. Bitcoin

dominance has simply been up into the right for months and reached a new cycle high of

...