CandleFocus Bitcoin (BTC) Price Prediction for October 19
2024-10-19
Author: Content Editor
The rate of Bitcoin has dropped slightly by 0.27% over the last 24 hours. On the hourly chart, BTC has bounced off a support level of $68,085 and may continue to $68,500 if it closes far from the support level. Buyers are still more powerful than sellers as long as the rate is above $67,922, but they may need more time to gather energy for a further move. Sideways trading between $68,000 and $69,000 is a likely scenario. In the midterm, BTC is on track to reach the resistance of $73,794, and a breakout could lead to a new all-time high. At the moment, Bitcoin is trading at $68,293.
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