The market is showing strong potential for a rise, with Bitcoin currently priced around $64,500, following a high of $65,618 and a low of $64,190. With October starting tomorrow—a historically favorable month for Bitcoin—there are clear signs that buyers may be gaining momentum. If Bitcoin manages to break through the key resistance levels at $65,974 and $66,347, it could make a move toward $70,000 in the upcoming days.
On the downside, the support levels are at $63,895 and $63,482, providing crucial areas where the price may stabilize in the event of a pullback.
Additional positive signals include Bitcoin crossing the 9-day moving average and the 14-3 Day Raw Stochastic reaching 70%, indicating strong buying momentum in the market.
Based on these factors, a long position is suggested, with an entry price around $64,250, a stop-loss at $63,895, and a take-profit target of $65,333. While some uncertainty remains, if Bitcoin sustains its upward momentum and breaks through key resistance levels, we could see it reaching $70,000 in the near term. Remember to always DYOR (Do Your Own Research).