BitcoinPrice Analysis

Bitcoin Price to hit $63k in October! Here are the Next Levels for BTC Price in Q4


The overall cryptocurrency market is experiencing an excellent start to the new month. over the past few hours, and Bitcoin Price Surged over 9% in hitting $47,800, its highest level in 12 days. The total market cap has reached the $2 trillion level again after Bitcoin and Altcoins have surged with massive gains.


Its UPtober! Bitcoin Price Surges 10% Nearing The $50k Mark

After surging above $43,500, the flagship currency started a fresh rally.  BTC price Broke the $44,400 and  $45,500 resistance levels and surged nearly 10% hitting $47,500.

bitcoin price
Trading view

The Next resistance lies at the $48,000 level, overcoming this resistance bitcoin price might possibly hit above the $50,000 level. On the flip side, if the BTC/USD fails to hold above the $48 level immediate support at $46,500 comes into play. In the event of Extended losses, the crypto might test the next key support near USD 46,200, followed by $45,500.

At present, if the buyers continue to hold the upper hand, we can expect the BTC price to increase 12% reaching $49,725. Traders need to keep eye on the deceive levels at $52k to confirm the Rally 

However, long-term traders must wait until the BTC price reaches a Higher high that is above $53K to hit the ATH at $64,951.

Also Read : Is This The Biggest Altseason Ever? Last Chance to Buy the Dip Before Takeoff!

BTC Price Targets: Oct>63k, Nov>98k, Dec>135k

Bitcoin price action in September exactly matches with PlanB’s predictions for a second time. Previously, in the month of August Plan B had Predicted BTC to hit $47k. If history repeats, We can expect BTC/USD to hit $63,000 by the end of the month.

According to PlanB, Bitcoin Price is set to hit 63K with a 32% upswing in the month of October followed by $98k in November and 135k in December with an overall 180% surge in Q4.

Also Read: Cardano Price Rise Or Crash? Here’s what to Expect for ADA Price in October

Bitcoin surges With liquidating $270M in shorts

According to bybt, Bitcoin (BTC) shot to nearly $48,000 during Oct. 1 as a classic short squeeze liquidated over millions of crypto positions. At the time of writing, the surge in prices has seen $226.46M million in bitcoin shorts liquidated. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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