CandleFocus Bitcoin (BTC) Price Prediction for October 2
2024-10-02
Author: Content Editor
The prices of the top 10 cryptocurrencies are currently in the red zone, with Bitcoin's price decreasing by 1.93% in the past 24 hours. On the hourly chart, Bitcoin is showing signs of a potential upward move after a false breakout of the local support level of $60,703. If the daily candle closes near resistance, the price may continue to rise to the $62,400 range. However, it is too early to anticipate a fast reversal on a larger time frame, and the crucial zone of $60,000 should be closely monitored. If this level is breached, it could lead to a test of the $59,000 mark. The rate of Bitcoin currently remains far from key levels, and there are low chances of any sharp movements in the near future, which is further supported by falling volume. At the time of writing, Bitcoin is trading at $61,222.
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