Greed

bullish

Bitcoin

<ul class="wp-block-list"> 
 <li><strong>Bitcoin price trades at $64.4K after losing 1.96% in the last 24 hours.</strong></li> 
 <li><strong>BTC continued to stay in the greed zone in the market.</strong></li> 
</ul> 
<p>Bitcoin (BTC) has been through several hurdles over the past month. BTC recently surpassed the $65,000 resistance mark, drawing attention within the crypto market. However, the upward momentum was short-lived as the price dipped to previous lows.&nbsp;</p> 
<p>The asset opened <a href="https://thenewscrypto.com/can-bitcoin-price-reclaim-the-ground-amid-this-bear-grip/" target="_blank" rel="noreferrer noopener">September</a> by trading at $59K; as days progressed, BTC has fallen to $52,827. Current price movement indicates that Bitcoin may be on the verge of a price correction. Over the last 24 hours, the BTC price recorded a 1.96% loss. The lowest and highest price it hit was noted at $64,219 and $66,069, respectively.&nbsp;</p> 
<p>At press time, BTC traded at $64,453, with its daily trading volume increasing over 35.10% to $19.92 billion, as per CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>. Consequently, BTC continues to stay in the greed zone as the Fear and Greed Index stays at 61.</p> 
<p>On the other hand, Santiment <a href="https://x.com/santimentfeed/status/1840196477127172139" target="_blank" rel="noreferrer noopener nofollow">data</a> recently revealed that there are 1.8 bullish posts for every 1 bearish post about BTC, indicating high optimism. However, <a href="https://thenewscrypto.com/crypto-market-awaits-key-us-jobs-report-for-market-direction/" target="_blank" rel="noreferrer noopener">market</a> tend to move against the crowd’s expectations, which could delay a new all-time high for Bitcoin.&nbsp;</p> 
<h3 class="wp-block-heading" id="h-what-s-ahead-for-bitcoin">What’s Ahead For Bitcoin?</h3> 
<p>BTC has shown brief recovery momentum over the past week, with a spike of 0.21%. The asset traded within the $63K-66K range and gradually slipped down. The downside pressure of BTC continues, and the asset is struggling to climb up.&nbsp;</p> 
<p>While the BTC price is expected to bounce back, the asset might attempt to reach $65,825, if it could encounter the bears. If the price drops further below $64K, it will likely test the nearby support at the $63,401 zone.&nbsp;</p> 
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<p>Looking ahead at the technical indicators, Bitcoin’s price momentum stays in the neutral market sentiment, as the daily relative strength index (RSI) stands at 41.74. Notably, the short-term 50-day and long-term 200-day MA are found at $64,472 and $60,057, respectively.&nbsp;</p>

Will Uptober Turn the Tide for Bitcoin (BTC) Momentum?

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