Bitcoin (BTC) Price Prediction for October 19

10/19/2024 23:04
Bitcoin (BTC) Price Prediction for October 19

Is rate of Bitcoin (BTC) on its way to all-time high?

Original U.Today article

Bitcoin (BTC) Price Prediction for October 19

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Some coins have returned to the red zone today, according to CoinStats.

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Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has dropped by 0.27% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of BTC has bounced off the local support level of $68,085. If the daily bar closes far from it, the upward move may continue to $68,500 by tomorrow.

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Image by TradingView

On the bigger time frame, buyers remain more powerful than sellers while the rate is above $67,922. However, buyers might need more time to get energy for a further move. 

Related

Ethereum (ETH) Price Prediction for October 18

In this case, sideways trading in the zone of $68,000-$69,000 is the more likely scenario.

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Image by TradingView

From the midterm point of view, the price of BTC is on the way to the resistance of $73,794. If a breakout happens, one can expect a blast to a new all-time high.

Bitcoin is trading at $68,293 at press time.

About the author

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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