Originally published on: October 01, 2024
As Bitcoin continues its upward trajectory, hitting $64,000 on October 1st, the digital currency set a new record for the month of September. The latest data from trusted sources like Cointelegraph Markets Pro and TradingView indicates a rebound in BTC/USD after a brief dip below $63,000.
With the September monthly close at $63,300, Bitcoin recorded a significant gain of 7.3%, marking its best September performance ever. Despite failing to sustain support at $65,000, bulls managed to hold onto the 21-week simple moving average, preventing a retest of range lows.
Key players in the industry like Keith Alan and Daan Crypto Trades are closely monitoring market trends and order book liquidity to predict potential support and resistance levels. As indicators point to bullish momentum, traders like Roman are optimistic about further upside movement, citing bullish divergences on lower timeframes.
Many experts, including Scott Melker and Michaël van de Poppe, are confident in Bitcoin’s ability to achieve a new all-time high in the near future. While the market remains volatile and unpredictable, traders are advised to conduct thorough research before making investment decisions.
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