Bitcoin Rallies and Prepares For Huge Breakout

CoinMarketCap10-13

Bitcoin (BTC) climbed to multi-day highs on October 12, as markets mirrored last weekend’s brief upward movement. Data from Cointelegraph Markets Pro and TradingView showed BTC nearing $63,500, with a...

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href=https://coinmarketcap.com/community/articles/670b32dc047bdc39da671d60/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC) climbed to multi-day highs on October 12, as markets mirrored last weekend’s brief upward movement.\nData from Cointelegraph Markets Pro and TradingView showed BTC nearing $63,500, with a...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/670b32dc047bdc39da671d60/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/670b32dc047bdc39da671d60/","article_id":"2475706893","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/149f7e012b3149dfaada24cbb8c66c88.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475706893","pubTimestamp":1728787163,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Bitcoin  climbed to multi-day highs on October 12, as markets mirrored last weekend’s brief upward movement.Data from Cointelegraph Markets Pro and TradingView showed BTC nearing $63,500, with a 1.5% gain on the day, similar to its behavior the previous weekend.Bitcoin made strong gains during the October 11 Wall Street trading session after spending much of the week testing the $60,000 support level.Following U.S. equities, Bitcoin brushed off new inflationary pressures in the U.S., despite markets scaling back expectations for future interest rate cuts.“Initial low was swept & clearly inability to breakdown so naturally there’s a reversion,” wrote popular trader Skew in his analysis of 4-hour timeframes on X.Skew pointed to relative strength index  scores above 50 and spot demand as key indicators for a potential move upward.The monthly and weekly open levels are $62,850 and $63,330, respectively, making this price range a critical battleground for BTC.These levels suggest that Bitco","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc.","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","RSI":"Rush Street Interactive, Inc.","BK4588":"碎股","BTC":"Grayscale Bitcoin Mini Trust","BK4150":"赌场与赌博"},"translate_title":"比特币反弹并准备大幅突破","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"COIN":1,"RSI":1},"content_text":"Bitcoin (BTC) climbed to multi-day highs on October 12, as markets mirrored last weekend’s brief upward movement.\nData from Cointelegraph Markets Pro and TradingView showed BTC nearing $63,500, with a 1.5% gain on the day, similar to its behavior the previous weekend.\nBitcoin made strong gains during the October 11 Wall Street trading session after spending much of the week testing the $60,000 support level.\nFollowing U.S. equities, Bitcoin brushed off new inflationary pressures in the U.S., despite markets scaling back expectations for future interest rate cuts.\n“Initial low was swept & clearly inability to breakdown so naturally there’s a reversion,” wrote popular trader Skew in his analysis of 4-hour timeframes on X.\nSkew pointed to relative strength index (RSI) scores above 50 and spot demand as key indicators for a potential move upward.\n“Monthly & Weekly open are always pretty pivotal so very important for buyers to reclaim for another shot at $65K,” he concluded.\nThe monthly and weekly open levels are $62,850 and $63,330, respectively, making this price range a critical battleground for BTC.\nAnalyzing liquidity in exchange order books, trading resource Material Indicators identified two additional upside targets for BTC, just below $65,000.\n“FireCharts shows Bitcoin support stacking above $63k, and it looks like bulls want to challenge the 200-Day Moving Average,” Material Indicators explained to its X followers.\n“If they are successful in clearing the 200-Day MA, they will attempt to R/S flip Technical Resistance at the 2021 Mid-Cycle Top at $64.9k.”\nThese levels suggest that Bitcoin’s next significant challenge lies just below the $65,000 mark, where market momentum will be tested 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