CandleFocus Bitcoin (BTC) Price Prediction for October 13
2024-10-13
Author: Content Editor
The majority of cryptocurrencies are experiencing a decline in value, with Bitcoin dropping by 1.47% since yesterday. On the hourly chart, Bitcoin's price is falling below the local support level of $62,520, suggesting a possible continuation of the correction to around the $62,000 range. On the daily time frame, if buyers do not take control by the end of the day, there may be a test of the $61,000-$62,000 zone. From a midterm perspective, the overall picture is neutral, with neither buyers nor sellers dominating. The falling volume also supports the idea that sharp moves are unlikely in the near future. At present, Bitcoin is trading at $62,170.
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