![Best Times to Post on YouTube in 2025 [Research]](https://www.hubspot.com/hubfs/best-time-to-post-youtube.jpg)
![12 Web Design Best Practices & Guidelines for Usability in 2025 [+ Expert Tips]](https://www.hubspot.com/hubfs/website-design-1-20241121-4075840.webp)
Bitcoin’s bull run: Will ‘Uptober’ turn things around for BTC?
The post Bitcoin’s bull run: Will ‘Uptober’ turn things around for BTC? appeared on BitcoinEthereumNews.com. BTC bulls are targeting $64K, eyeing $68K as the next resistance level. Can they overcome four days of failed attempts to push BTC above this key target? Bitcoin [BTC] bulls are targeting the $64K mark, a key level last reached during the late August rally, making it a critical turning point. To avoid repeating past downturns, bulls must counter any bearish pressure. If successful, the next resistance could materialize around $68K. Bitcoin: Bull run hinges on $64K Source : Coinalyze The current cycle closely resembles the early August trend, with BTC rising to $64K after retracing below $55K. However, the 18-day surge then was marked by inconsistent bearish pressure. In contrast, while this cycle shows more consistent green candles, the growth rate is less steady, causing volatility among stakeholders. As a result, instead of rate cuts boosting bullish sentiment, ongoing volatility has kept BTC from retesting $64K, currently trading at $63,543 – marking the fourth straight day below this benchmark. Additionally, this benchmark has been tested five times since March, when BTC reached its ATH of $73K. Notably, it was only in July that bulls prevented a pullback, pushing BTC to $68K. Simply put, the $64K mark has been a crucial turning point for Bitcoin. While volume indicators point to a bullish trend, the real challenge is whether other investors will back a breakout or if bears will once again block BTC’s ascent. Current price may be out of reach Over the past two days, BTC trading volume on CEXes has plunged from $17B to $6B. This sharp drop could amplify volatility, shaking investor confidence in a potential trend reversal. The chart below might indicate a potential market top, often coinciding with reduced trading activity on CEXs. Conversely, when exchange volumes spike during sharp BTC declines, it frequently presents an…
The post Bitcoin’s bull run: Will ‘Uptober’ turn things around for BTC? appeared on BitcoinEthereumNews.com.
BTC bulls are targeting $64K, eyeing $68K as the next resistance level. Can they overcome four days of failed attempts to push BTC above this key target? Bitcoin [BTC] bulls are targeting the $64K mark, a key level last reached during the late August rally, making it a critical turning point. To avoid repeating past downturns, bulls must counter any bearish pressure. If successful, the next resistance could materialize around $68K. Bitcoin: Bull run hinges on $64K Source : Coinalyze The current cycle closely resembles the early August trend, with BTC rising to $64K after retracing below $55K. However, the 18-day surge then was marked by inconsistent bearish pressure. In contrast, while this cycle shows more consistent green candles, the growth rate is less steady, causing volatility among stakeholders. As a result, instead of rate cuts boosting bullish sentiment, ongoing volatility has kept BTC from retesting $64K, currently trading at $63,543 – marking the fourth straight day below this benchmark. Additionally, this benchmark has been tested five times since March, when BTC reached its ATH of $73K. Notably, it was only in July that bulls prevented a pullback, pushing BTC to $68K. Simply put, the $64K mark has been a crucial turning point for Bitcoin. While volume indicators point to a bullish trend, the real challenge is whether other investors will back a breakout or if bears will once again block BTC’s ascent. Current price may be out of reach Over the past two days, BTC trading volume on CEXes has plunged from $17B to $6B. This sharp drop could amplify volatility, shaking investor confidence in a potential trend reversal. The chart below might indicate a potential market top, often coinciding with reduced trading activity on CEXs. Conversely, when exchange volumes spike during sharp BTC declines, it frequently presents an…
What's Your Reaction?
