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  • Bitcoin Price Analysis: Bitcoin reached its highest level at $ 65,000 and will be bullish today?

Bitcoin Price Analysis: Bitcoin reached its highest level at $ 65,000 and will be bullish today?

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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis is bullish.
  • BTC / USD reached its highest level in $ 67,000 yesterday.
  • Slight correction to retest $ 65,000 as overnight support.

Bitcoin price analysis is bullish today as the lowest level has been set as support after a $ 65,000 retest. Therefore, we expect the BTC / USD to continue higher in the next 24 hours.

Bitcoin Price Analysis: Bitcoin reached its highest level at $ 65,000 and will be bullish today?  1
Encrypted currency heat map Source: Coin360

The cryptocurrency market traded strong in the last 24 hours. Bitcoin rose 3.12% and Atrium 12.35%. Meanwhile, Solana (SOL) continues to dominate the market with a 20% increase.

Bitcoin price movement in the last 24 hours: Bitcoin set a new record at $ 67,000

BTC / USD traded in the range of $ 63,807.96 – $ 66,930.39, indicating significant volatility in the last 24 hours. Trading volume increased by 34.33% to $ 49.2 billion, while the total market value was trading at about $ 1.24 trillion, resulting in 46.29% market dominance.

4-hour chart BTC / USD: Is BTC reaching $ 68,000 today?

In the 4-hour chart, we can slightly increase the price of Bitcoin overnight as they prepare to rise again today.

Bitcoin Price Analysis: Bitcoin reached its highest level at $ 65,000 and will be bullish today?
4-hour chart BTC / USD. Source: TradingView

Bitcoin price performance has been steadily rising so far in October. After a few weeks of integration above $ 41,000 at the end of September, there was a stronger increase on October 1st.

Since then, BTC / USD has seen several steady rises and high growth rates. From the previous low of $ 41,000 to the current high of $ 67,000, BTC has risen about 63 percent.

Yesterday, the previous record high of $ 65,000 was clearly broken, indicating more power to move. During the night, a slight return of $ 65,000 was observed as the bears tested again as a backup, probably before we see more climbs today.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is bullish because it has been set slightly below $ 65,000 after re-testing the previous resistance as support. Therefore, we expect the BTC / USD to continue higher in the next 24 hours.

While you wait for the Fantom to move, read our guide to LTC bags, Gero bags and DeFi bags.

Disclaimer. The information provided is not a commercial recommendation. Ramzifa.ir is not responsible for the investments made based on the information provided on this page. We strongly recommend independent research and / or consultation with a qualified professional before making an investment decision.