Bitcoin price analysis From Cointelegraph
$BTC surged above the $65,000 overhead resistance on Oct. 14 and followed that up with another strong up move above $66,500 on Oct. 15.
The critical support to watch on the downside is $65,000. If buyers flip this level into support, a rally to $70,000 is possible. Sellers are expected to fiercely defend the $70,000 to $73,777 zone.
The first sign of weakness will be a break and close below $65,000. The BTC/USDT pair could then drop to the 20-day exponential moving average ($63,417). If the price rebounds off the 20-day EMA, the bulls will again attempt to push the pair to $70,000.
On the other hand, a break below the 20-day EMA will suggest that the bulls have given up. The pair may then drop to the 50-day simple moving average ($61,023).
