Bitcoin’s price action is currently sitting at $66,949.99, teasing traders with the potential for another massive run to the $70,000 mark! Taking a close look at the 4-hour chart from Binance, BTC has been trending within a rising channel, with the upper resistance level edging near the $68,000 mark. With momentum building, the market is anticipating if Bitcoin has enough fuel to break through to new highs in October. Let’s break it down!

$BTC /USDT Chart Analysis (4-Hour Timeframe) 📊

From the chart, we can see Bitcoin testing critical levels of support and resistance:

• Resistance at $68,000: BTC is approaching the upper boundary of the ascending channel. A break above this level could trigger a strong rally, with the next immediate target being the psychological $70,000 barrier.
• Support at $64,000: If Bitcoin fails to break through, the lower bound of the channel around $64,000 serves as a strong support level, which has held well through recent price tests.

CRITICAL LEVELS TO WATCH THIS WEEK ⚠️

💡 Resistance:

• $68,000: This is the immediate level where Bitcoin could face resistance. If it’s broken, expect a rally toward $70K.

💡 Support:

• $64,000: This will be a critical support zone. If it holds, bulls might regain control and push for a new leg up.

💡 Target for October:

• $70,000: Bitcoin hitting this level is well within reach, as buyers may continue piling in if momentum breaks past resistance.

WHAT’S DRIVING THE PRICE ACTION? 🔥

Bitcoin has recently seen growing interest from institutional buyers and positive market sentiment, driven by macroeconomic trends and anticipation of regulatory clarity. On top of that, technical indicators are lining up to show that BTC has more gas in the tank for an upward move.

However, volume will be key. A breakout above $68,000 needs strong buying pressure to push BTC beyond $70,000. Traders should watch the volume indicator to gauge whether there’s enough momentum to sustain a rally or if this will be another short-term rejection.

BULLISH OUTLOOK: 🚀 EXPLOSIVE MOVE TO $70,000?

If Bitcoin breaks above $68,000 with strong volume, there’s a real chance BTC will hit $70,000 in October. A clean breakout above the channel could lead to a massive inflow of buyers, pushing the price higher.

BEARISH SCENARIO: ⚠️ POTENTIAL REJECTION?

However, should BTC face rejection at $68,000, we could see a retracement back toward $64,000 or lower. Breaking below this support could trigger a steeper correction.

FINAL TAKE: EYE ON THE PRIZE 👀

Bitcoin traders should keep their eyes peeled on the $68,000 resistance. If BTC clears this level, we could be on track for a historic move to $70K. If not, there may be more consolidation in the short term. Stay sharp and get ready for whatever comes next!

Disclaimer: As always, do your own research and trade responsibly.#SECApprovesBitcoinETFOptions
#UptoberBTC70K? #ScrollOnBinance #XRPDonationsUSElections #CMEBTCFuturesRecordHigh

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has approved the listing of several Bitcoin ETF options products on the Cboe and NYSE American exchanges. Cboe has been authorized to list options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB). Meanwhile, NYSE American has received approval to list options for the Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).

The documents reveal that both exchanges have set a unilateral position limit of 25,000 contracts for each Bitcoin ETF option, which is lower than the limits for other ETF options products.

One of the tightest US election races of modern times enters its final, two-week stretch on Tuesday, with Republican Donald Trump making a special pitch to Latino voters as Democratic rival Kamala Harris sits down for a national network interview.

Republican presidential nominee and former US President Donald Trump looks on as Democratic presidential nominee and US Vice President Kamala Harris’ face appears as a video plays on a screen, during a rally —
Both campaigns are pumping hundreds of millions of dollars into a final push for any wavering, undecided voters who could tilt the balance in their favor, with polls consistently showing their candidates in a dead heat ahead of Election Day.

Whatever the outcome, Americans will make history on November 5: they will either elect the first woman president in the world’s leading superpower — or they will put the first convicted felon into the White House.
Polls appear to be giving Trump, who at 78 is the oldest nominee from a major party in US history, a slight edge recently — but all within the margin of error, making them little comfort for a former president making his third consecutive White House run.

Vice President Harris — who only threw herself into the race in July, when President Joe Biden made the stunning decision to drop out and endorse her instead — will give a television interview to NBC on Tuesday.

The 60-year-old, who celebrated her birthday over the weekend, will also deploy one of her party’s most popular emissaries back into the field: Barack Obama.
The former Democratic president will hold a series of rallies in Wisconsin and Michigan, two of the seven most hotly contested swing states in the election which, under the US system of indirect universal suffrage, are likely to decide the outcome.
15 million ballots cast
Trump, whose anti-migrant rhetoric is becoming coarser and more extreme by the day, will take part in a roundtable discussion with Latino voters at one of his Florida properties.

The Republican will then fly to North Carolina, another swing state where he also campaigned on Monday, for an event that is supposed to be devoted to the economy.

He rarely sticks to the topic at his rallies, however — instead, he has been criticised for a tumultuous few weeks that have featured rambling monologues and threats about weaponising the military against Democrats who he calls “the enemy from within”.

One recent televised town hall veered into a surreal, impromptu music session as Trump abandoned discussion of the election to play his favourite hits while swaying on stage.
The Harris campaign has begun to hammer at his mental and physical fitness to serve.

But a tide of MAGA-capped supporters continue to flock to his rallies, convinced that he is the victim of political persecution, or that Democrats are instigating threats against him.

Democrats are also seeking to woo moderate Republicans turned off by Trump’s ominous rhetoric and scandals.

Harris has sought to frame herself as a “joyful warrior” seeking to turn the page on Trump’s years of outrage and move into a new generation of American political leadership.

More than 15 million Americans have already voted by mail or in person, according to the independent organisation Elections Project, representing around 10 per cent of the total turnout in 2020.

#DonaldTrum #ScrollOnBinance #XRPDonationsUSElections #CMEBTCFuturesRecordHigh #SECApprovesBitcoinETFOptions