Bitcoin's price action on October 23, 2024

10月22日

here's what to expect based on current technical indicators:

Bullish Scenario:
If Bitcoin manages to hold above $66,000, expect a possible upward movement towards $68,743, which is the key resistance level. Breaking above this resistance could trigger a further rally, targeting $71,645 and potentially $73,687​

Bearish Scenario:
If Bitcoin fails to hold the $66,000 support, the next potential downside could bring it toward $64,800, which serves as a secondary support level. A break below this may lead to a bearish continuation​

Price Action Summary:
Bullish above $66,000, targeting $68,743 and higher if resistance breaks.
Bearish below $66,000, targeting $64,800

10月27日

交易手动结束

Bitcoin recently reached the critical resistance level of 68743 before experiencing a notable decline from this zone. This level served as a strong reversal point, reinforcing its significance as a resistance for the current trading range. Traders observing this price action may find opportunities by monitoring for further tests of this resistance or assessing potential support zones below.

If you capitalized on this movement, congratulations on the gains! For those still in position, consider adjusting stops or reviewing upcoming resistance and support levels for informed management.