Bitcoin Price Prediction: BTC Tops 65K As Investors FOMO Buy This Other Solana Token With Just 2 Days Left
The Bitcoin price rose 3% in the last 24 hours to trade at $65,142 as of 02:20 a.m. EST on trading volume that surged 49% to $37.4 billion.
The BTC price has made a strong comeback, reclaiming $65,000 after a rough patch that saw the king of cryptos shedding over 20% on August 5 and September 6.
As Uptober looms – a month that has favored BTC historically – market sentiment appears to be shifting gears.
Bitcoin Price Prediction: Technical Indicators Signal Bullish Momentum
The Bitcoin price has been on an uptrend, trading within the rising channel pattern, as the bulls continue to push the price of Bitcoin upward, as the bulls capitalized on the $53,495 support zone, according to data from GeckoTerminal .
BTC price is currently trading above the 50-period (white) and 200-period (yellow) moving averages, further supporting the bullish sentiment.
Moreover, the RSI is at 65, which is near the overbought region (above 70). This indicates strong momentum but also suggests the price may face some resistance soon. However, since it’s not yet in the overbought zone, there could still be room for further upside.
The MACD line (blue) is above the signal line (orange), indicating a bullish crossover. This is a positive signal for the continuation of the upward trend. The green bars on the histogram also indicate that the price of Bitcoin is currently on positive momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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