Bitcoin Maintains Upward Trend—Strength Seen Across Timeframes

Bitcoin is showing a strong upward trend across multiple timeframes, with price action indicating potential for further gains.

After breaking out of consolidation near $66,912, BTC surged to settle around $68,500. On shorter-term charts, traders could look for an entry near $68,000 with targets at $68,742 to $69,000, aligning with resistance zones.

The 4-hour and daily charts echo this bullish sentiment, with the daily chart suggesting a solid support base near $58,867 and resistance around $69,487. Mixed oscillator readings hint at potential resistance, but steady buying momentum across moving averages supports a possible breakout above $69,500—especially if trading volume spikes.

Clever Robot News Desk 29^th October 2024