Bitcoin ETF

Bitcoin

Trillion

<p>The crypto market has recorded a drop of 1.77% in the past 24 hours, from $2.34 Trillion to $2.32 Trillion. Following this, the market leader, Bitcoin price has displayed a neutral trend over the past week.</p>   
<p>With the present market sentiments, will Bitcoin price regain momentum and retest its upper resistance level of $71,000? Or will the star crypto experience a pullback at its $65k range? In this article, we have covered the in-depth analysis of Bitcoin (BTC) crypto token.</p>   
<h2 class="wp-block-heading" id="h-btc-price-to-retest-it-s-important-support-trendline">BTC Price To Retest It's Important Support Trendline?</h2>   
<p>After recording a strong bullish recovery over the past week, the Bitcoin token has started this week on a bearish note. Moreover, this cryptocurrency has dropped ~4% within the past 72 hours. This suggests an increase in the selling pressure in the market.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/23131054/image-104-194-1024x538.png" alt="BTC Price To Retest It's Important Support Trendline?" class="wp-image-370851">
</figure>   
<p>The Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram with its averages recording a high possibility of a bearish convergence in the 1D time frame.</p>   
<p>Moreover, the SMA indicator experienced a negative crossover during the early Asian trading hours. This suggests a volatile price action for the price of Bitcoin this week.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-etf-update">Bitcoin ETF Update:</h2>   
<p>Reportedly, over the past 24 hours, Blackrock’s “IBIT” recorded the highest inflow of $43 million, followed by Fidelity’s “FBTC” with $8.8 million, and VanEck’s “HODL” with $3.8 million. Notably, 7 ETFs including Grayscale, Bitwise, Invesco, and Franklin have recorded a neutral flow.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/23131133/image-104-195-1024x249.png" alt="Bitcoin ETF Flows" class="wp-image-370852">
</figure>   
<p>On the other hand, Ark’s “ARKB” has lost $134.7 million during this period. With this, the total flow for the day concluded at (-)$79.1 million. With this, the BTC ETF broke its inflow streak of 7 days, highlighting a potential bearish trend reversal in the market.</p>   
<h2 class="wp-block-heading" id="h-will-btc-price-hit-a-new-ath-this-month">Will BTC Price Hit A New ATH This Month?</h2>   
<p>If the market regains momentum, the Bitcoin price will retest its important resistance level of $69,000. Maintaining the price above that level will set the stage for it to head toward its next major resistance level of $71,000 during the upcoming weeks.</p>   
<p>On the contrary, if the bears continue gaining power, the BTC crypto will retest its support trendline of $66,726. Furthermore, if the bearish sentiment intensifies, this could result in it plunging toward its lower support level of $62,000.</p>   
<p>Will this cryptocurrency achieve the $100k mark? Read our <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction</a> 2024 - 2030!</p>

Bitcoin (BTC) Price to Close Uptober With a Pullback to $65k?

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