CandleFocus Bitcoin Price Prediction: Where is BTC Headed This Week Following the Test of $64K?
2024-10-14
Author: Content Editor
Crypto markets are expected to see increased price action and potential breakout in the upcoming week, according to analysts. Analyst CrypNuevo predicts that Bitcoin (BTC) will move higher, with a possible liquidation cluster between $63.5K and $65K. Another analyst, Michaël van de Poppe, expects a consolidation period followed by a breakout if BTC tests $64,000. However, CrediBULL Crypto predicts a retracement to the mid- to high $50K level before a bounce. The Bitcoin Fear and Greed Index has returned to neutral at around 48. Bitcoin reached a one-week high of $63,975, but needs to clear $64,000 for bullish scenarios to play out. The next major resistance point is $66,000.
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