Price Analysis View Non-AMP

Bitcoin Price Prediction: BTC Price To Hit $70K Or $60K This Uptober?

Published by
Elena R

With a strong bullish reversal, the cryptocurrency market has recorded a significant uptrend over the past few days. Moreover, the Bitcoin price has breached its important resistance of $64k and is on the verge of testing its upper high.

Following this, investors have entered into a FOMO-like situation with questions like “Will Bitcoin hit a new high this year?” and “How high will BTC price go?” have stormed the market. In this article, we have covered the market analysis of the largest cryptocurrency in the world.

BTC Price Hints A Major Breakout?

In spite of recording a neutral trend in the past day, the Bitcoin price has jumped 3.85% over the past week. Moreover, it has surged 8.78% during the past month and has a Year-to-Date (YTD) return of +55.11%. This indicates a long-term bullish sentiment.

Moreover, with a trading price of $65,725.88 and a 24-hour trading volume of $24.07 billion, it is on the verge of breaking out of its major resistance trendline in the 1D time frame. However, the outcome of this event is uncertain.

Bitcoin Technical Sentiments

The Relative Strength Index (RSI) is hovering close to its overbought range in the 1D time frame. This indicates increased buying-over-selling pressure for BTC in the market.

Further, the SMA indicator has recorded a significant uptrend in the Bitcoin price chart. Moreover, it also acts as a support, highlighting that its value may continue rising in the coming time.

Will BTC Price Record A New ATH This Uptober?

If the bulls break out of its crucial resistance trendline, this could result in it retesting its upper resistance level of $66,726.25. Maintaining the price at that level could set the stage for it to head toward its ATH of $73,750.047 during the upcoming weeks.

Conversely, if the BTC price faces rejection, it would retest its important level of $62,000. Further, if the bearish sentiment intensifies, the price could plunge toward its lower support level of $60,178.50 in the coming time.

Curious about BTC’s long-term price targets? Read our Bitcoin Price Prediction to know more!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitcoin Price Could Test $99K Before a Year-End Surge, Says Market Expert

Bitcoin’s price has been moving sideways in recent sessions, but a big breakout could be…

July 6, 2025

Ripple Price Prediction as XRP ETF Approval Odds Near 100%

XRP is once again making headlines as the odds of a Spot XRP ETF approval…

July 6, 2025

Best Memecoin To Buy Now? Pepeto Could Mirror Doge and SHIB Past Price Rallies

The memecoin world is going through a big transformation. Where tokens once thrived purely on…

July 5, 2025

These 4 Meme Coins Could 20x in 2025 as Spot Dogecoin ETF Nears SEC Approval

The meme coin market is heating up like never before—and 2025 might just be the…

July 5, 2025

Liked by Investors: This $0.03 Coin Has the Same Upside Potential as XRP (XRP) in Early Days

Years ago, XRP traded under a penny, shrugged off by many who didn’t fully grasp…

July 5, 2025

Why Remittix’s Unique PayFi Offering Has Cardano & XRP Whales Circling After $15 Million Is Raised!

Remittix is quickly gaining ground as a serious crypto player, especially after raising over $15.9…

July 5, 2025