Bitcoin (BTC) Price Prediction for October 19
10/19/2024 23:04Is rate of Bitcoin (BTC) on its way to all-time high?
Original U.Today article
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Some coins have returned to the red zone today, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has dropped by 0.27% over the last 24 hours.
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.
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.
In this case, sideways trading in the zone of $68,000-$69,000 is the more likely scenario.
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
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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