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  • Bitcoin Price Analysis: Will Bitcoin rise above $ 62,000, slowly targeting the next $ 65,000?

Bitcoin Price Analysis: Will Bitcoin rise above $ 62,000, slowly targeting the next $ 65,000?

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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis is bullish today.
  • BTC / USD was supported at $ 60,000.
  • Bitcoin started to rise again.

Bitcoin price analysis is bullish today as the $ 60,000 mark prevented further decline and today led to a move above $ 62,000. Therefore, we expect BTC / USD to increase in the next 24 hours by increasing $ 65,000 as the next target.

Bitcoin Price Analysis: Will Bitcoin rise above $ 62,000, slowly targeting the next $ 65,000?  1
Encrypted currency heat map Source: Coin360

The overall market has been green in the last 24 hours and Bitcoin has grown by more than 5%. Atrium, meanwhile, is up 3.17 percent, while Solana (SOL) is among the top actors with more than a 10 percent increase.

Bitcoin price movement in the last 24 hours: Bitcoin returns above $ 62,000 because the uptrend has returned overnight.

BTC / USD traded in the range of $ 59,643.35 – $ 63,343.31, which shows a moderate fluctuation in the last 24 hours. Trading volume increased by 22% to a total of $ 30.7 billion, while the total market value is about $ 1.12 trillion, resulting in a market dominance of 45.6%.

4-hour Bitcoin / Dollar Chart: Is Bitcoin targeting $ 65,000 today?

In the 4-hour chart, today we see a return of uptrend as the $ 60,000 support prevented further decline.

Bitcoin Price Analysis: Raising Bitcoin above $ 62,000, the next target is $ 65,000?
4-hour chart BTC / USD. Source: TradingView

Bitcoin price movements in October saw a strong rise. After stabilizing above $ 41,000 for more than a week at the end of September, a strong pressure started from October 1.

In the coming weeks, they set several highs and lows until the previous record high of $ 65,000 was broken on October 20, reaching a high of $ 67,000. Since then, the bears have raised prices again, leading to a few days return of $ 60,000.

Yesterday, we saw a bitcoin price test that re-tested the $ 60,000 support and prevented further declines. Overnight, the uptrend for BTC / USD returned to above $ 62,000.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is bullish today as the $ 62,000 mark was broken again after strong support was found yesterday at $ 60,000. Therefore, we expect BTC / USD to rise further and appear to break the $ 65,000 resistance again.

As you wait for more bitcoin to move, read our guide to LTC wallets, Gero wallets and DeFi wallets.

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.