Bitcoin

Epic

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Bitcoin (BTC) has defied the odds today by igniting a notable price surge. Remarkably, it has tested new levels as more gains are now expected from the leading cryptocurrency on the market. Prominent analysts are expecting the start of a price&nbsp;<a href="https://u.today/opinions/why-hasnt-uptober-arrived-yet">breakout</a>, potentially resulting in a new all-time high (ATH) for the coin.
Among them is Michaël van de Poppe, a renowned crypto trader and market analyst. Earlier today, he&nbsp;<a href="https://x.com/CryptoMichNL/status/1845728749452513396">tweeted</a> about this potential Bitcoin price rally. The analyst said that Bitcoin has already tested the $62K price level as expected and, currently, it is facing the next crucial resistance zone.
This resistance zone seems to be around the $65K price level. Michaël van de Poppe further mentioned that he is expecting an upward breakout for BTC. He predicted that this uptrend can happen this week or perhaps the next week. The analyst then mentioned that&nbsp;<a href="https://u.today/opinions/october-crypto-rally-is-probably-imminent-heres-why">"Uptober"</a> is finally expanding.
The broader crypto community has been eagerly waiting for "Uptober," a term used for the month of October as gains are expected this month. So far, the market has not witnessed any huge price rallies. But today’s Bitcoin price surge is now indicating the start of a more sustained price rally, as expected by experts and traders.
<h2 dir="ltr" id="bitcoin-price-targets-65-000">Bitcoin price targets $65,000</h2>
Michaël van de Poppe had previously&nbsp;<a href="https://x.com/CryptoMichNL/status/1845520566507233722">predicted</a> the end of Bitcoin’s consolidation period. He tweeted on Sunday that Bitcoin had already tested the $62K range, and the consolidation would end in one to two days. The analyst explained that a successful test of $64K would likely bring the big breakout for the BTC price.
Surprisingly, this Bitcoin price prediction came to fruition as BTC tested the $64K price range today. As of now, it is trading at $64,906, after a surge of 3.44% in the last 24 hours. The coin is now targeting the $65K range, and once it clears it, more significant gains are expected from it in the coming days.

Bitcoin (BTC) Eyes Epic Price Breakout This Week: Details

Table of Contents

U_Today

Other articles published on Oct 14, 2024

Weekly Article Recap: 9/23-9/27

Monochrome to Launch First Ethereum ETF on Cboe Australia

SoFi Technologies (SOFI) Inks $2 Billion Deal, Stock Jumps in Pre-Market

Uniswap Labs Introduces Ethereum Layer-2, Unichain, to Address Scalability Issues

Dogecoin Kembali! Alamat Aktif Tembus 133.880 dalam 8 Bulan

Memecoin Linked to Defunct Hedge Fund 3AC Soars 35%

Join our free newsletter for daily crypto updates!