Bitcoin $BTC Price Prediction for October 2 - Utoday Analytics

Bitcoin (BTC) has dropped by 1.93% in the last 24 hours. On the hourly chart, BTC is rebounding after a false breakout at the $60,703 support. If the daily candle closes near resistance, the price may rise towards $62,400.

On the larger time frame, it's too early to expect a fast reversal. Attention should be on the key zone at $60,000, which will play a critical role in the short term.

From a midterm perspective, BTC remains distant from key levels, and with declining trading volume, sharp price movements are unlikely. Bitcoin is trading at $61,222 at press time.