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.
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 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.
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