bullish

Bitcoin

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Bears are becoming more powerful, according to <a href="https://u.today/toncoin-ton-price-prediction-for-october-16">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="2b28b866-8476-4143-bb84-5e6efb61da4c" src="https://u.today/sites/default/files/inline-images/top10_1421.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The price of Bitcoin (BTC) has fallen by 0.81% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="d0b3e696-844f-4975-bc96-b20dae30e11d" src="https://u.today/sites/default/files/inline-images/btc1_231.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the hourly chart, the rate of BTC is rather more bearish than bullish as it is near the support of $66,789. If the daily candle closes around that mark, there is a chance to see a breakout, followed by a move to the $66,500 range.
<img data-entity-type="file" data-entity-uuid="84dba55e-8574-4f54-992f-21deb761c9c5" src="https://u.today/sites/default/files/inline-images/btc2_212.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the bigger time frame, the price of the main crypto is trading in the narrow range. Traders may start thinking about a further upward move only if the rate gets back to the resistance of $67,922 and fixes above it.&nbsp;
If that happens, the rise may continue to the $69,000-$70,000 area.
<img data-entity-type="file" data-entity-uuid="56561c45-42e8-4f05-9d12-3f4ed14c1126" src="https://u.today/sites/default/files/inline-images/btc3_210.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT">TradingView</a>
On the weekly chart, one should pay attention to the interim zone of $70,000. If the rate reaches it, the accumulated energy might be enough for a test of the resistance of $73,794.
Bitcoin is trading at $67,254 at press time. <a href="https://u.today/bitcoin-btc-price-prediction-for-october-17">Read original article on U.Today</a>

Bitcoin (BTC) Price Prediction for October 17

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