In October 2024, Bitcoin is experiencing a recovery after a correction phase. It is currently trading between $59,000 and $66,500. The low of $58,900, recorded on October 10, seems to be a key support level for a potential upward trend. A close above $66,500 would be a strong signal, potentially targeting higher levels such as $68,500 and beyond.
However, caution remains in the market. Consolidation phases may still occur before Bitcoin breaks through key resistance levels. Bollinger Bands are tightening, indicating that a decisive push is needed to overcome the current obstacles【6†source】【7†source】【8†source】.
Topic: "Bitcoin in October 2024: Poised for Recovery Amid Key Resistance Levels" (Read 22 times)
October 20, 2024, 09:23:01 AM
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