Bitcoin Price Prediction: BTC Market Very Close to the Highlighted Resistance Level, What's Next?

The latest surge in the Bitcoin price is the talk of the town. On October 11, BTC was priced at $60,318. Within five days, it reached a monthly peak of $67,071, marking an impressive growth of 11.19%.

Recent days have seen a汹涌澎湃surge in Bitcoin price, making it a hot topic. BTC was priced at $60,318 on October 11. Within five days, it reached a monthly peak of $67,071, showing an impressive 11.19% growth.

This has brought crypto experts’ attention back to the Bitcoin market. Recently, a crypto expert named Ali made bold predictions about the future price movements of the largest cryptocurrency by market cap. If you’re curious about the prediction, keep reading because you won’t want to miss this.

Bitcoin’s Key Resistance Level

In a post on X, Ali highlighted the level of $67,400 as a crucial resistance for the BTC market. He used the ‘Cumulative Value Days Destroyed – Bottom & Top’ chart to spot the level. The chart tracks the value and age of Bitcoin that has been sold or destroyed after being held for a while. Currently, the Bitcoin price is at $67,138 – slightly lower than the projected resistance.

The daily chart of Bitcoin shows that the market is in the hands of buyers at the moment, and they are pushing the price up toward the crucial resistance.

If #Bitcoin can break past $67,400, the next potential local top could be around $86,600!

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Bitcoin’s Next Potential Top

According to Ali’s prediction, if the BTC price breaks through the key resistance of $67,400, the next potential top of the market will be around $86,600. This means that if the market breaks above the mentioned resistance, it could create a new all-time high.

Why Breaking $67,400 is Crucial

There is a possibility that the price could face a pullback at the resistance of $67,400. The market must overcome this hurdle if it aims to reach a new all-time high. This suggests that the upcoming hours are very crucial.

To conclude, all eyes are on the Bitcoin market at the moment, as it stands very close to the highlighted resistance level. Will the market be able to overcome the potential selling pressure at the resistance and continue its uptrend? This is a pivotal moment for Bitcoin price prediction, and the coming hours will be crucial in determining whether the market will break past the key $67,400 level. Let’s wait and see!

Stay tuned to Coinpedia for more updates on Bitcoin’s price momentum!

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