Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Bitcoin (BTC) could be on the verge of a significant rally, as market analysts forecast a possible climb to $100,000. Growing interest from institutional investors has sparked optimism, suggesting stronger price momentum. Key factors supporting this outlook include the rising demand for spot Bitcoin exchange-traded funds (ETFs), giving investors regulated access to BTC.
$BTC Bulls are Struggling to clear the crucial 68k resistance, which they must break to open the doors to 100k.
— Captain Faibik 🐺 (@CryptoFaibik) October 26, 2024
I Still believe Bitcoin will overcome this Resistance, as it has been weakening with each retest.
In the coming days, or Possibly by early November, we could… pic.twitter.com/XQ9qMniDlj
Additionally, U.S. government spending concerns are driving more investors to consider Bitcoin as a hedge. Analysts note BTC is nearing a crucial resistance level, which, if surpassed, could set the stage for notable gains. Market watchers see this as a sign of Bitcoin’s increasing appeal as a store of value amid economic uncertainty. With institutional interest and favorable market trends, Bitcoin’s potential for upward movement appears promising.
Key Bitcoin Levels To Watch – October 27
BTCUSD is in a bullish setup, with the price currently undergoing a retracement after a strong rally. The 9-day SMA near $67500 acts as a dynamic resistance, while the MACD (Moving Average Convergence Divergence) shows slight divergence, indicating a potential pullback toward the $65050 support zone.
Fibonacci levels at $64180 and $58860 provide key retracement support, aligning with bullish continuation patterns. Once the retracement is complete, a rally toward the $73840 resistance is anticipated.
BTCUSD Key Levels
Resistance Levels: $70000, $73840, $80000
Support Levels: $58860, $57480, $52530
BTC/USD Metrics
Total Market Capitalization: $2.28T
Bitcoin Market Capitalization: $1.34T
Bitcoin Volume: $15.37B
Market Rank: #1
Make money without lifting your fingers: Start using a world-class auto trading solution
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
