Bitcoin (BTC) remained rangebound last week, with prices hovering between $64,000 and $67,000. However, the cryptocurrency ended the week with a bullish close above $64,000, giving hope to investors. This week, several key events could impact Bitcoin's price movement. 1. $64,000 Support Retest: $64,000 has emerged as a crucial support level for Bitcoin. A retest of this level will be crucial to watch, as a break below could lead to further losses. 2. Fed Chair Jerome Powell Speech and US Unemployment Data: The Federal Reserve Chair Jerome Powell's speech and US unemployment data for September will be closely watched by investors this week. Positive economic data could strengthen the US dollar and weigh on Bitcoin's price. 3. Historically Bullish October or "Uptober": Historically, October has been a strong month for Bitcoin. The cryptocurrency has averaged a gain of around 23% in October, making it one of the best-performing months of the year. 4. Rebound in Coinbase App Downloads from the App Store: Coinbase, one of the largest cryptocurrency exchanges, saw a rebound in app downloads from the App Store last week. This indicates renewed interest in Bitcoin, which could support its price. 5. Profit-Taking Moves by New Whales: On-chain data shows that new whales have been accumulating Bitcoin, potentially indicating profit-taking. If these whales decide to sell their holdings, it could put downward pressure on the price. Overall, the cryptocurrency market remains in a state of uncertainty. However, the upcoming events this week could provide some clarity on Bitcoin's price direction.

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