Monday, October 13, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • DeFi
  • Legal Hub
  • More
    • Market & Analysis
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Bitcoin

Bitcoin To $70,000? Analysts Set Next Targets After 6% Surge

by n70products
October 15, 2024
in Bitcoin
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Bitcoin (BTC), the most important cryptocurrency by market capitalization, began the third week of October with a 6% day by day surge. BTC’s efficiency has fueled bullish sentiment amongst crypto buyers and market watchers, who recommend it may be prepared to maneuver to $70,000.

Associated Studying

Bitcoin Reclaims Key Help Ranges

Bitcoin started the week reclaiming key resistance ranges after a 6% surge from Sunday’s worth. This efficiency noticed BTC transfer from the $62,000 assist zone to retest the $66,000 assist space on Monday morning.

Following the current efficiency, Bitcoin’s October returns up to now have turned inexperienced with a 3.17% month-to-month return, based on Coinglass information. Crypto analyst Rekt Capital highlighted Bitcoin’s current actions, noting that BTC has been in a position to reclaim a 2-month downtrend as assist.

Per the analyst, the flagship cryptocurrency has retested a downtrend line courting again to late July since October began. BTC efficiently retested and bounced from the trendline for 2 consecutive weeks, turning the vary into assist.

Moreover, the analyst identified that Bitcoin has carried out a number of profitable retests, together with a “risky retest” of the 21-week Bull Market Exponential Shifting Common (EMA).

Bitcoin
Bitcoin efficiently retests numerous key ranges. Supply: Rekt Capital

“Discover how the underside of the inexperienced boxed space is confluent with the July Downtrend retest and the retest of the 21-week EMA is confluent with the highest of the inexperienced field,” the analyst added.

Equally, Ali Martinez highlighted that BTC is at present making one other try to reclaim the 200-day Shifting Common after 4 consecutive rejections previously two months.

BTC Challenges August Highs

Rekt Capital famous that BTC has solidified the $58,000-$61,000 vary as a assist space all year long: “It has accomplished so at a Greater Low in comparison with final month’s draw back wicking lows in addition to August’s draw back wicking lows.”

Furthermore, the analyst acknowledged that Bitcoin challenged August highs, at round $64,200, after the current retests of the important thing ranges. He prompt that BTC’s current actions are a “clear signal” that August’s degree is “weakening as resistance.”

Rekt Capital identified BTC is retesting the multi-month weekly downtrend channel high, which can also be weakening as resistance. The flagship cryptocurrency efficiently examined the channel’s vary lows as assist this month.

The vary lows have been 7-month confluent assist with the earlier all-time excessive (ATH) space. Nonetheless, the analyst noted that BTC should have a weekly shut above the downtrend channel’s high to interrupt out of this sample.

A weekly shut above August highs, adopted by a profitable retest of this degree, would “pose a big buy-side strain on the Downtrending Channel Prime,” which may very well be accelerated if BTC’s day by day shut sits above $64,200.

Associated Studying

Furthermore, a day by day shut above $65,000 and a profitable reclaim of the vary as a assist zone may ship BTC’s worth towards the $70,000 resistance zone. The analyst famous that at any time when Bitcoin closed the day above this degree, the cryptocurrency moved inside the $65,000-$71,350 vary within the following days.

As of this writing, BTC is buying and selling at $65,812, a 4% and 10.3% surge within the weekly and month-to-month timeframes.

Bitcoin, BTC, BTCUSDT
Bitcoin’s efficiency within the three-day chart. Supply: BTCUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com



Source link

Tags: AnalystsBitcoinSetsurgeTargets
Previous Post

Tezos Holders Launch New IRS Lawsuit Over Staked XTZ Tokens

Next Post

Whales Accumulate Ethereum (ETH), Uniswap (UNI) and Two Additional DeFi Altcoins: Lookonchain

Next Post

Whales Accumulate Ethereum (ETH), Uniswap (UNI) and Two Additional DeFi Altcoins: Lookonchain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

XRP Price Faces Support Test: Is a Rebound on The Horizon?

October 31, 2024

Bitcoin Price Poised for Another Rise: The Next Move Awaits

November 30, 2024

Ethereum Dev Roundup: Q1 | Ethereum Foundation Blog

January 31, 2025

US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report

September 29, 2024

Ethereum Protocol Attackathon in Collaboration with Immunefi

August 4, 2024

Bitcoin ‘Parabolic Phase’ Has Just Begun, Says Crypto Strategist – Here’s How Long It Could Last

December 10, 2024

Recent Posts

  • Roger Ver Reaches Tentative Agreement with US Authorities over Tax Charges
  • Kindle Scribe vs. ReMarkable Paper Pro: I compared both E Ink tablets and this one’s better
  • I compared 5G network signals of Verizon, T-Mobile, and AT&T at a baseball stadium – here’s the verdict

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Roger Ver Reaches Tentative Agreement with US Authorities over Tax Charges

Roger Ver Reaches Tentative Agreement with US Authorities over Tax Charges

October 13, 2025
Kindle Scribe vs. ReMarkable Paper Pro: I compared both E Ink tablets and this one’s better

Kindle Scribe vs. ReMarkable Paper Pro: I compared both E Ink tablets and this one’s better

October 13, 2025

© 2025 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • DeFi
  • Legal Hub
  • More
    • Market & Analysis
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2025 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version