Bitcoin Forecast, 14-10-2024

Greetings to you on the crypto site. My name is Viktor and today I will share my opinion about #bitcoin, #btc-usdt, using the TradingView service, here Bitcoin Forecast for the Week of 14-10-2024

Bitcoin Forecast

Bitcoin Weekly Review: October 2024
On October 14, 2024, we start a new week with Bitcoin analysis. The video covers the latest news and various market sentiment indicators. The main event of this week was that the price of Bitcoin reached the important mark of $62,000. One of the drivers of the market was the expectation of a documentary from HBO, which promises to reveal the identity of Satoshi Nakamoto, the creator of Bitcoin. This is the event of the year that could have a bigger impact on the market than the halving or even the US election.

The forecast for October looks encouraging, because historically this month shows positive dynamics for Bitcoin. Analysts expect a surge that could push the price to new heights. Some experts predict a short-term decline to $54,000 before the next jump up. The impact of the halving on miners is also important news, as the reduction in rewards pushes up the value of Bitcoin.

Technical analysis and forecasts

From a technical perspective, indicators such as the CCI show that Bitcoin is poised for further growth. There are two main ideas in the market: a move down to $52,000 or a further rise to $72,000. Traders on the TradingView service foresee the possibility of a small corrective movement down, after which a stable rise is expected.

There is also a “cup with a handle” figure on the chart, which indicates a potential rise to the $130,000 mark in the future. Most indicators point to a positive outlook for Bitcoin, a rise to $66,000-71,000 is possible this week. УКР Дивитись відео: Біткоїн — Прогноз на Тиждень, 14 жовтня 2024 року.