《BTC Price Trend Analysis: Can the $64k Support Level Resist the Fall?》

Recently, the price trend of BTC has attracted much attention.

Currently, BTC faces a possible fall to $60k, and whether the $64k support level can stop sellers has become a focus of the market.

BTC has experienced price fluctuations in the past period of time.

In October, BTC easily broke through the range high, breaking through the 64k resistance level on October 14, and the channel high was retested.

However, although the record BTC spot ETF inflow may have driven the price increase, the ETF share accounts for only a small part of the total trading volume.

Currently, BTC is in a short-term trading range in October. Although it easily broke through the resistance level on Monday, it faces resistance at 66.5k, which coincides with the high of the descending channel and the local high on September 27.

From the perspective of the Money Flow Indicator (OBV), it failed to break through the local high while the price was at the same resistance level of 66.5k, which shows that the buying volume is not as high as the falling period of BTC.

In addition, the one-month review period shows that the liquidation level is concentrated at 66.6k to 67.4k, which may attract its reversal to 60k after the price moves higher.

At present, it is unclear whether BTC is ready for the bull market in the fourth quarter of 2024

BTC's price action may be rejected, or it may show a bullish reaction at the high point of the 64k range, providing a buying opportunity. 👗👉👉BNB0098

For swing traders, be prepared for the risk of decline.

In short, BTC's current price trend is full of uncertainty, and it remains to be seen whether the support level of $64k can stop sellers. Market participants need to pay close attention to the changes in various factors in order to make wise investment decisions. 😃 #Meme浪潮持续，你看好哪一个？ #美国大选如何影响加密产业？ #BTC能否站稳6W6 #特斯拉转移比特币 #SUI走势分析