bullish

2024

Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-bitcoin-surpass-key-resistance-levels-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Surpass Key Resistance Levels Soon?</a><br></p>
<p style="text-align: justify">Crypto analyst Inmortal has suggested that <a href="https://en.bitcoinhaber.net/bitcoin-slide-results-in-256-million-hit-for-futures-market-investors" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-price-declines-significantly" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) could see a significant rally if it can firmly reclaim a crucial price threshold. With a following of 216,500 on the platform X, Inmortal emphasized the importance of the cryptocurrency’s recent surge past $63,000, placing Bitcoin back in the spotlight.</p>
<h2 id="what-are-bitcoin-s-performance-expectations-for-october">What Are Bitcoin’s Performance Expectations for October?</h2>
<p style="text-align: justify">The analyst believes that maintaining the current price level could lead to further upward movement for Bitcoin. He highlighted that Bitcoin commenced October trading around $63,000.</p>
<h2 id="could-bitcoin-break-above-the-resistance-zone">Could Bitcoin Break Above the Resistance Zone?</h2>
<p style="text-align: justify">Inmortal has pointed out that a successful breach of the resistance barrier above $64,000 would signify a strong bullish momentum. He remarked, “A breakout above $64,000 would create a new all-time high.”</p>
<p style="text-align: justify">Recently, Bitcoin touched a high of $64,458 within a 24-hour period but has since corrected to approximately $62,485. As the market watches for Bitcoin’s next moves, Inmortal is focusing on overcoming significant resistance thresholds.</p>
<ul>
 <li>Bitcoin’s current trajectory resembles past patterns seen in October 2023 and 2024 after lengthy accumulation phases.</li>
 <li>A surge past $64,000 could lead to new historical highs, boosting overall market sentiment.</li>
 <li>Monitoring these key levels will be crucial for investors and market observers alike.</li>
</ul>
<p style="text-align: justify">With critical price levels being monitored, Bitcoin’s future trajectory could profoundly impact the wider cryptocurrency market, signaling possible shifts in market dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-bitcoin-surpass-key-resistance-levels-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Surpass Key Resistance Levels Soon?</a></h5>

Will Bitcoin Surpass Key Resistance Levels Soon?

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