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.
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 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.
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