CandleFocus Bitcoin Rejected at $64K, So What Happens Now? Analysts Announce Risky Levels for BTC, Share Their Expectations!
2024-10-07
Author: Content Editor
The price of Bitcoin has started the week with an upward trend, reaching close to $64,000. Analysts suggest that investors are waiting for the US election results in November for a further increase. The announcement of CPI data on Thursday is also expected to have an impact on Bitcoin's price. Analyst Valentin Fournier believes that the recent rise was driven by lower-than-expected US unemployment figures and predicts that Bitcoin could soon reach $68,000. Fournier expects resistance between $65,000 and $67,000, but believes that Bitcoin will eventually break through. Other experts, including Jon Reader of crypto lending protocol Ledn, believe that regardless of the election outcome, Bitcoin and the crypto market will experience a positive impact. Geoffrey Kendrick, global head of digital assets research at Standard Chartered, has also expressed this view in recent weeks.
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