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>  
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  https://twitter.com/TheCryptoLark/status/1839315286320673118
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</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

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