Multiple onchain metrics showed a surge in activity as Bitcoin price rallied to $68,000, possibly signaling that the price momentum is sustainable.
Bitcoin Price news
Industry watchers are pointing to Bitcoin’s increasing correlation with the winning odds of former President Donald Trump.
Bitcoin’s failure to hold $68,000 could be an early sign that a price reversal is beginning.
Bitcoin open interest is rising and bulls are eyeing new all-time highs above $75,000 as “Uptober” begins to take shape.
The crypto market is up today, following a bullish performance from US equities markets and increasing traders’ demand for crypto investment products.
Bitcoin RSI is either on track to deliver a six-figure BTC price next year or “this time is different,” analysis says.
Bitcoin rallied to $66,300 today, but definitive proof of a structural trend change remains in question.
Bitcoin’s rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.
Bitcoin bulls waste no time continuing a rebound, which has now delivered BTC price gains of over 3% for October.
Bitcoin price is up today, but the bull’s ability to hold the 200-day SMA support could determine where BTC goes next.