{"id":51821,"date":"2024-10-15T01:51:00","date_gmt":"2024-10-15T01:51:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/bitcoin-break-loose-70k-uptober-flips-green"},"modified":"2024-10-15T04:48:17","modified_gmt":"2024-10-15T04:48:17","slug":"bitcoin-to-break-loose-at-70k-as-uptober-flips-green","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=51821","title":{"rendered":"Bitcoin to 'break loose' at $70K as 'Uptober' flips green"},"content":{"rendered":"

Bitcoin has surged past $64,000 for the first time since Oct. 7, sparking speculation among crypto analysts that this could be the breakout moment market participants have been anticipating during October.<\/p>\n

$70K the price level before Bitcoin will \u201cbreak loose\u201d<\/h2>\n

Although Bitcoin (BTC) regaining $64,000 doesn\u2019t equal new highs or even long-term peaks, it has changed the sentiment among commentators following Bitcoin\u2019s retrace to $59,000 on Oct. 10, in a month that\u2019s historically one of Bitcoin\u2019s strongest.<\/p>\n

\u201cIt\u2019s on the verge,\u201d 10T Holdings founder Dan Tapiero opined in an Oct. 14 X\u00a0post\u00a0following Bitcoin rising above $64,000, a 3.16% gain since Oct. 13.<\/p>\n

\"Bitcoin
Bitcoin was trading at $64,872 at the time of publication. Source: <\/em>TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n

Tapiero suggested that once Bitcoin regains price levels it hasn\u2019t seen in about four months, it may surge to unprecedented heights, which many traders have been hoping for in Q4.<\/p>\n

\u201cBreak of 70k and h6ll gonna break loose,\u201d Tapiero added. The last time Bitcoin crossed that price level was June 6, when it reached $71,082.<\/p>\n

Tapiero pointed out that Bitcoin\u2019s price is \u201cjust coiling and coiling,\u201d a term traders use when an asset\u2019s price tightens into a narrowing range. This often signals to traders that a breakout is potentially on the horizon.<\/p>\n

Related:\u00a0<\/strong><\/em>BTC price eyes sub-$65K hurdles as metric hints Bitcoin \u2018going to rip\u2019<\/strong><\/em><\/p>\n

Furthermore, the Bitcoin price gains of today have pushed October back into the green again, with Bitcoin up 2.48% since the start of the month.<\/p>\n

Bitcoin\u2019s \u201csummer lull\u201d behind us<\/h2>\n

Echoing a similar sentiment, pseudonymous crypto trader Jelle is confident that Bitcoin\u2019s extended consolidation is ending.<\/p>\n

Since the April 20 Bitcoin halving, Bitcoin has been consolidating within a wide range of from $58,000 to $72,000.<\/p>\n

\"Bitcoin
Pseudonymous crypto trader Jelle says Bitcoin is \u201cpushing for new highs again.\u201d Source: X\/Jelle<\/em><\/p>\n<\/figcaption><\/figure>\n

\u201c2 higher lows, a higher high & prices pushing for new highs again,\u201d Jelle declared in an Oct. 14 X\u00a0post.<\/p>\n

\u201cSummer lull is behind us. Let\u2019s have some fun,\u201d they added.<\/p>\n

Meanwhile, crypto trader Matthew Hyland pointed out that Bitcoin\u2019s 10-day Simple Moving Average (SMA) \u2014 which calculates the average price of Bitcoin over the last 10 daily candles \u2014 is \u201cturning upward.\u201d<\/p>\n

Hyland added that \u201c80%-90% of the time in 2024 when the 10 SMA was moving up, BTC price moved up.\u201d<\/p>\n

Magazine:\u00a0<\/strong><\/em>10 crypto theories that missed as badly as \u2018Peter Todd is Satoshi\u2019<\/strong><\/em><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n

Check other news for today<\/span> and Please stand by..<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has surged past $64,000 for the first time since Oct. 7, sparking speculation among crypto analysts that this could be the breakout moment market participants have been anticipating during October. $70K the price level … Bitcoin to 'break loose' at $70K as 'Uptober' flips green<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":51822,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-51821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nBitcoin to 'break loose' at $70K as 'Uptober' flips green - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=51821\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin to 'break loose' at $70K as 'Uptober' flips green - 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