Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Buyers are controlling the initiative at the beginning of the weekend, according to <a href="https://u.today/solana-sol-price-prediction-for-october-4" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="3e8b351a-358d-4d18-81f4-bb26b360fc81" src="https://u.today/sites/default/files/inline-images/top10_1397.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has fallen by 1.18% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="bda9a29a-091a-4d1e-80c9-1214f49f68ef" src="https://u.today/sites/default/files/inline-images/btc1_228.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC might have found a local resistance level at $62,308. If the daily bar closes far from it, one can expect a correction to the $62,000 zone shortly. <img data-entity-type="file" data-entity-uuid="524c37f5-68d4-4aa4-8077-fb0814f2f5b4" src="https://u.today/sites/default/files/inline-images/btc2_209.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should pay attention to the bar closure. If it happens near the $62,350 level or above, the growth may continue to the $63,000-$64,000 range next week. <img data-entity-type="file" data-entity-uuid="cb5ed89f-7f6b-4d1b-95f9-c5be6b43f8a5" src="https://u.today/sites/default/files/inline-images/btc3_207.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, neither side is dominating as the price of BTC is in the middle of the wide channel. Such a statement is also confirmed by the falling volume.
In this case, ongoing sideways trading in the area of $60,000-$66,000 is the more likely scenario.
Bitcoin is trading at $62,239 at press time.

Bitcoin (BTC) Price Prediction for October 5

Table of Contents

U_Today

Other articles published on Oct 5, 2024

Will Satoshi be doxxed? Banks to join SWIFT digital asset trials and more: Hodler’s Digest, Sept....

Bitcoin Rallies Above $62K! Which Altcoins Are Reaching New Highs?

Cryptos Trending Now: Snag BlockDAG’s 50% Bonus Before It’s Too Late; SHIB and Dogecoin Surge wit...

AerodromeFi Dominates Base Network with 60% DEX Activity

Tether’s USDT Faces Potential Delisting from Coinbase

IcomTech Founder Sentenced to 10 Years for $8.4M Cryptocurrency Ponzi Scheme

Join our free newsletter for daily crypto updates!