Currently, Bitcoin price in October 2024 is showing positive signs of continued upward momentum. After a long period of relative stability that lasted for several months, expectations are increasing that the market is ready for a strong start. Analysts are currently targeting levels between $61,000 and $70,000, with institutional interest in the currency increasing, especially after expectations of potential interest rate cuts in the United States, which is boosting investorsâ appetite for digital assets.
Other factors such as increasing institutional inflows into Bitcoin exchange-traded funds (ETFs) and growing political support for cryptocurrencies in the United States, are boosting optimism about Bitcoinâs movement in the coming period. October is expected to be one of the positive months, and we may see additional gains if Bitcoin can overcome key resistance levels, such as $62,800.
The overall market environment is currently favorable thanks to accommodative monetary policies, which increases the chances of continuing the upward momentum in the coming months.
In mid-October we may see Bitcoin rise to $70,000
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