Cryptocurrency

Bitcoin

<![CDATA[<figure class="image"><img src="https://cimg.co/news/126840/334908/25-1.jpg" srcset="https://cimg.co/news/126840/334908/responsive-images/25-1___media_library_original_1280_720.jpg 1280w, https://cimg.co/news/126840/334908/responsive-images/25-1___media_library_original_1200_675.jpg 1200w, https://cimg.co/news/126840/334908/responsive-images/25-1___media_library_original_900_506.jpg 900w, https://cimg.co/news/126840/334908/responsive-images/25-1___media_library_original_720_405.jpg 720w, https://cimg.co/news/126840/334908/responsive-images/25-1___media_library_original_600_338.jpg 600w, https://cimg.co/news/126840/334908/responsive-images/25-1___media_library_original_300_169.jpg 300w" width="1280" class="content-img" alt=""></figure><p>In the midst of overbought signals, <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin</a> price shows no signs of slowing down as it remains on a bullish trajectory, with technical indicators predicting a target of $36,500.&nbsp;</p><p>Join us as we delve into the factors driving this surge and explore the potential implications for investors.&nbsp;</p><h2 id="strong-bitcoin-price-update-strong"><strong>Bitcoin Price Update</strong></h2><p><a href="https://coinmarketcap.com/currencies/bitcoin/">Bitcoin</a>, the renowned digital gold of the cryptocurrency world, has presented an intriguing play on its charts as of October 25. Currently priced at $34,122, BTC's 24-hour movement reveals a slight dip of nearly 0.75%.&nbsp;</p><p>However, this movement is set against a robust trading volume of $35 billion in the last 24 hours, which underscores the prevailing dynamism and activity in the Bitcoin market.</p><h2 id="strong-bitcoin-price-prediction-strong"><strong>Bitcoin Price Prediction</strong></h2><p>Drilling down to the <a href="https://cryptonews.com/news/bitcoin-news/">Bitcoin</a>'s 4-hour chart provides a more granular view of the price action. The pivot point, a crucial metric for traders, stands firm at $32,462.</p><p>Resistance levels have been charted out with precision, with the immediate one placed at $34,501.&nbsp;</p><p>If Bitcoin bulls keep the momentum, the next hurdles align at $36,507 and further at $38,579.</p><p>On the flip side, if the bears wrest control, immediate cushioning is found at $31,212, followed by subsequent supports at $29,172 and a more profound level at $27,956.</p><p>Diving into the technical indicators, the Relative Strength Index (RSI) stands at a high of 78.&nbsp;</p><p>This is significant as any value above 70 typically indicates overbought conditions. It's a potential sign that the market might be due for a correction, but it's also reflective of the strong <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiYodOhzpCCAxX5UaQEHQrCB8gQFnoECAoQAQ&amp;url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fbitcoin-price-prediction-as-btc-breaks-33000-next-wave-here.htm&amp;usg=AOvVaw2CG_YZDO2u6JTx3NEHtRUn&amp;opi=89978449">bullish sentiment surrounding Bitcoin</a> at this juncture.</p><figure class="image"><img src="https://cimg.co/news/126840/334909/btc.jpg" srcset="https://cimg.co/news/126840/334909/responsive-images/btc___media_library_original_1749_959.jpg 1749w, https://cimg.co/news/126840/334909/responsive-images/btc___media_library_original_1200_658.jpg 1200w, https://cimg.co/news/126840/334909/responsive-images/btc___media_library_original_900_493.jpg 900w, https://cimg.co/news/126840/334909/responsive-images/btc___media_library_original_720_395.jpg 720w, https://cimg.co/news/126840/334909/responsive-images/btc___media_library_original_600_329.jpg 600w, https://cimg.co/news/126840/334909/responsive-images/btc___media_library_original_300_164.jpg 300w" width="1749" class="content-img" alt=""><figcaption><strong>Bitcoin Price Chart - Source: Tradingview</strong></figcaption></figure><p>The 50-day Exponential Moving Average (EMA), a trusted indicator for many traders, is currently pegged at $30,673. The fact that Bitcoin's price hovers above this EMA paints a short-term bullish picture.&nbsp;</p><p>It suggests that the buying pressure has been dominant, at least in the recent past.</p><p>From a chartist's perspective, there's an interesting pattern unfolding. The presence of the 'Three White Soldiers' on the 4-hour timeframe is a bullish candlestick pattern that could suggest a reversal of the preceding downtrend.&nbsp;</p><p>This bullish bias has been further cemented since Bitcoin broke through the Triple top pattern at $31,655.&nbsp;</p><p>Currently, however, Bitcoin seems to be grappling with the $34,705 mark, which represents the 141.4% Fibonacci extension level.&nbsp;</p><p>A successful breach above this could potentially usher in a fresh wave of buying. The 50 EMA, too, reinforces the buying sentiment.</p><h3 id="strong-in-conclusion-strong"><strong>In Conclusion</strong></h3><p>The overall trend for Bitcoin appears bullish. However, traders should keep a vigilant eye on the $34,700 level. This price point is shaping up to be a trendsetter. A slide below it could entice sellers to jump in, while a decisive move above could signal a continuation of the bullish rally.</p><p><strong>Short Term Forecast: </strong>Bitcoin seems poised to test the resistance at $36,507 in the forthcoming days, provided the current bullish sentiment persists.</p><h2 id="strong-top-15-cryptocurrencies-to-watch-in-2023-strong"><strong>Top 15 Cryptocurrencies to Watch in 2023</strong></h2><p>Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023.&nbsp;</p><p>Our list has been curated by professionals from Industry Talk and <i>Cryptonews</i>, ensuring expert advice and critical insights for your cryptocurrency investments.&nbsp;</p><p>Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.</p><div class="raw-html-embed"><div style="background: #920047;margin-bottom: 20px;width: 50%;text-align: center;padding: 8px;border-radius: 5px;background-image: linear-gradient(107deg,#930046,#59008a);color: white;padding-left: 1em;padding-right: 1em; font-size: 16px;"><a style="text-decoration:none;color:white" href="https://cryptonews.com/news/new-cryptocurrency.htm" target="_blank" rel="nofollow noindex">See the 15 Cryptocurrencies</a></div></div><h2 id="strong-find-the-best-price-to-buy-sell-cryptocurrency-strong"><strong>Find The Best Price to Buy/Sell Cryptocurrency</strong></h2><figure class="image"><img src="https://cimg.co/news/126840/334910/screenshot-45.jpg" srcset="https://cimg.co/news/126840/334910/responsive-images/screenshot-45___media_library_original_1539_579.jpg 1539w, https://cimg.co/news/126840/334910/responsive-images/screenshot-45___media_library_original_1200_451.jpg 1200w, https://cimg.co/news/126840/334910/responsive-images/screenshot-45___media_library_original_900_339.jpg 900w, https://cimg.co/news/126840/334910/responsive-images/screenshot-45___media_library_original_720_271.jpg 720w, https://cimg.co/news/126840/334910/responsive-images/screenshot-45___media_library_original_600_226.jpg 600w, https://cimg.co/news/126840/334910/responsive-images/screenshot-45___media_library_original_300_113.jpg 300w" width="1539" class="content-img" alt=""><figcaption><strong>Cryptocurrency Price Tracker - Source: </strong><a href="https://cryptonews.com/price-tracker/"><strong>Cryptonews.com</strong></a></figcaption></figure><p><i><sup>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.</sup></i></p>
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Bitcoin Price Prediction: BTC's Bullish Dance Aiming for $36,500 Amid Overbought Alerts

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