Bitcoin's price in October is looking promising, with a recent 1.22% increase since yesterday, now trading at $61,813 ¹. This upward trend is expected to continue over the weekend, thanks to a breakout above the local level of $61,246 ¹.
*Price Predictions:*
- _Short-term:_ Sideways trading in the zone of $61,000-$63,000 is likely ¹.
- _Weekly:_ Bitcoin is stuck in a wide channel, between the support of $53,550 and the resistance of $73,794 ¹.
*Market Analysis:*
The volume keeps falling, indicating that neither buyers nor sellers are ready for a sharp move ¹. This stability might be a sign of a potential rally, but it's essential to keep an eye on market trends and news.
*Current Market Stats:*
- _Market Cap:_ $1.24 trillion
- _24-hour Volume:_ $30.31 billion
- _Circulating Supply:_ 19.77 million
Keep in mind that cryptocurrency markets can be highly volatile, and actual prices may vary. For the most up-to-date information, I recommend checking reliable sources like U.Today and TradingView ¹ ².