BTC could pull back the entire month of October and I wouldn't especially believe it to be negative overall. Price to me is a secondary indicator of strength it matters but its more of a reflection of stronger factors elsewhere.
I'm not so sure about that. At this point in the cycle, the price should really start to take off. If we have a kind of sideways September and in October the price drops 15%, we will be in uncharted territory where it is not clear why, at this point in the cycle, the ATH of the previous cycle has not been doubled, especially with all the institutional demand that there is.
It should be remembered that, according to previous cycles, the peak would have been reached in December/January, and from then on, the price would have fallen. This cycle does not have to repeat the previous ones, but if it does not, that is why I say that we would find ourselves in uncharted territory.