Rally

Bitcoin

Impact

<ul>
 <li><strong>BTC’s average October return of 22.90% could push its price to $79,000, topping its previous ATH.</strong></li>  
 <li><strong>Breaking Bitcoin's previous ATH of $69,000 may clear resistance levels, accelerating a possible price surge.</strong></li>  
 <li><strong>A $79,000 target in October could set up a move for Bitcoin in November, continuing its upward movement.</strong></li> 
</ul>  
<p>BTC’s price performance in October could set the step for a breakthrough, with market data showing an average return of 22.90% for the month. If the cryptocurrency shares a similar 22% price increase this October, BTC will hit a price point of approximately $79,000. This would not only exceed its earlier ATH but could also break resistance levels, possibly initiating a curved move into November.</p>  
<h2 class="wp-block-heading" id="h-potential-impact-of-a-22-bitcoin-pump">Potential Impact of a 22% Bitcoin Pump</h2>  
<p>According to Lark Davis post via the X Space, if BTC reaches the predicted $79,000, it would mark a key moment for the cryptocurrency market. The previous ATH of Bitcoin stands at around $69,000, achieved in November 2021.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/TheCryptoLark/status/1839315286320673118
 </div>
</figure>  
<p>&nbsp;A 22% pump would mean Bitcoin crossing the $69,000 threshold, clearing technical barriers in the process. Historically, such breaks have often led to increased momentum, drawing more attention and capital to the market.</p>  
<h2 class="wp-block-heading" id="h-resistance-levels-and-parabolic-move-setup">Resistance Levels and Parabolic Move Setup</h2>  
<p><a href="https://cryptonewsland.com/bitcoin-faces-64000-struggle-as-traders-watch-for-breakthrough/" target="_blank" rel="noopener noreferrer nofollow">Breaking past $69,000</a> could lead to an effect where Bitcoin continues its upward trajectory by breaking further resistance levels. Notably, $75,000 is considered another major resistance point.&nbsp;</p>  
<p>Once Bitcoin crosses that mark, the path to a figurative move in November becomes more likely. Historically, November has been a strong month for Bitcoin’s performance, and with the digital asset already on an upward trend, these gains could accelerate further. While the 22% price increase is not assured, the historical movements and data provide an event where Bitcoin will reach new heights in the coming months. A <a href="https://cryptonewsland.com/silvers-decade-high-breakout-will-bitcoin-follow-with-a-100k-move/" target="_blank" rel="noopener noreferrer nofollow">move to $79,000 </a>would set the stage for even more developments in November, which could lead to a broader cryptocurrency market surge.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoins-october-rally-could-push-prices-to-79000-breaking-ath/" rel="noopener noreferrer nofollow">Bitcoin’s October Rally Could Push Prices to $79,000, Breaking ATH</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s October Rally Could Push Prices to $79,000, Breaking ATH

Table of Contents

Crypto News Land

Other articles published on Sep 27, 2024

U.S. SEC to appeal the 2023 ruling on Ripple’s XRP programmatic sales

Shiba Inu’s SHI Stablecoin Set To Rival USDT, SHIB Up By 13%

Bitcoin Climbs Higher with Market Momentum

Matrixport, Knowing the Fall in Bitcoin Before, Shared Its Market Predictions for the End of the ...

$5.8 Billion in Bitcoin Options Set to Expire on September 27, Alongside $1.9 Billion in Ethereum...

Bitcoin Volatility in the Spotlight as Over $700M in Long Liquidation and Almost $600M in Short L...

Join our free newsletter for daily crypto updates!