Will crypto markets experience another week of low volatility and inactivity, or is Bitcoin about to break out and kick off \u201cUptober\u201d?<\/p>\n
On Oct. 14, analyst CrypNuevo told his 117,000 X followers that the week ahead should be good for price action.<\/p>\n
\u201cWe\u2019ve seen aggressive moves in both directions, and they are being retraced,\u201d he said before predicting that BTC will move higher<\/a> this week.<\/p>\n The analyst highlighted a liquidation cluster to the upside between $63.5K and $65K, noting that there could be a possible shakeout first, especially at the start of the week, \u201cbut price should eventually head toward that area.\u201d<\/p>\n $BTC<\/a> Sunday update:<\/p>\n Quiet week ahead; it should be a good one in regards to Price Action.<\/p>\n We\u2019ve seen aggresive moves in both directions and they are being retraced. But I\u2019m looking for a move higher tho, ideally this scenario.<\/p>\n This is my analysis and plan for this week: \u2014 CrypNuevo (@CrypNuevo) October 13, 2024<\/a><\/p>\n\n On Oct. 14, analyst Micha\u00ebl van de Poppe echoed<\/a> the sentiment, stating that there will probably be a couple of days of consolidation before predicting a move higher.<\/p>\n \u201cA test of $64,000 will likely bring the big breakout we\u2019re looking for. The build-up is massive.\u201d<\/p>\n However, analyst CrediBULL Crypto painted a bearish picture, predicting a retrace back into the mid- to high $50K level before another bounce.<\/p>\n Over the weekend, analyst\u00a0DonAlt\u00a0examined<\/a> both scenarios, stating that if BTC tops $65,000, \u201cI\u2019d wager we\u2019ve finally escaped the endless chop. \u201d However, if it falls back below $58,000, \u201cmore\u00a0<\/span>sadness awaits.\u201d<\/p>\n \u201cI\u2019m hopeful we\u2019ll go up after all this chop has ended.\u201d<\/p>\n The Bitcoin Fear and Greed Index, which measures market sentiment, has returned to neutral at around 48 following a fall into fear late last week.<\/p>\n Things already appear to be bubbling up in crypto markets, with Bitcoin returning to a one-week high of $63,975 during Monday morning trading in Asia, according to TradingView.<\/p>\n The asset is still range-bound<\/a>, however, and it needs to clear $64,000 for any of the bullish scenarios suggested by the analysts above to play out.<\/p>\n The next major resistance point is $66,000, where the asset was halted in late September.<\/p>\n \u201cThis week is primed for action,\u201d said<\/a> Bitcoin OG Kyle Chass\u00e9, who added, \u201cIn 6 to 8 months\u2019 time, it won\u2019t matter if you bought at $64K or $58K.\u201d<\/p>\n The post Bitcoin Price Prediction: Where is BTC Headed This Week Following the Test of $64K?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Will crypto markets experience another week of low volatility and inactivity, or is Bitcoin about to break out and kick off \u201cUptober\u201d? On Oct. 14, analyst CrypNuevo told his 117,000 X followers that the week ahead should be good for price action. \u201cWe\u2019ve seen aggressive moves in both directions, and they are being retraced,\u201d he […]<\/p>\n","protected":false},"author":0,"featured_media":13598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13597"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13597"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/13598"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Up or Down This Week?<\/h2>\n
\npic.twitter.com\/4zwCDKBO9L<\/a><\/p>\nBTC Taps $64K<\/h2>\n