Brothers, Bitcoin's recent trend can be said to be quite impressive! 🚀
Bitcoin broke through $64,000, and a strong bullish trend has taken shape!
On October 3, the price of Bitcoin rose from a low of $59,828 to $64,478 on October 7, an increase of 7.75%! This is no joke, it started with a strong rebound. 👇
How is the technical side?
As shown in the figure, Bitcoin once fell below $60,000 at the beginning of the month, but it quickly rebounded and returned to above $60,000. The upward trend in the past four days has proved this.
Bitcoin has confirmed the formation of highs and lows and has locked in an upward trend. After falling below $60,000 at the end of September, everyone was a little nervous, but it withstood the pressure and pulled up. This is the real "return of the king"! The next step is to observe whether it can stabilize above the key resistance level.
BTC will soon see a "golden cross", which is one of the bullish signals in history. The trend in 2023 is very similar to last year, and the rise exploded after the golden cross 🚀
What is the reason behind it?
Of course, there is another factor behind it that everyone may overlook, that is, the change in the market value of stablecoins. The growth in the market value of stablecoins (such as USDT and USDC) is usually a signal of Bitcoin's rise. Although the market value of USDC has decreased recently, the net market value of USDT has increased again, which means that Bitcoin may have more upside in the coming weeks!
In short, if the daily closing price of Bitcoin can stand firmly above $64,000, then there is a high probability that there will be a greater increase next.
📈 Friends who are optimistic about the opportunity, remember to keep an eye on the next trend, don't be impulsive, and seize the best entry time!
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