BITCOIN IS PUMPING BITCOIN, on 1st October broke through the parallel channel taking its support from the EMA and reaching the key resistance of $57,500. BTC is getting closer to its $65,000 all-time high.
BITCOIN may cross $63,000 and break it's all-time high this month and potentially surpass $65,000 by the end of the month if traders stay extremely bullisH
If BTC breaks to $61,000, there could be minimal upside pressure. All-time highs of nearly $65k will be the next resistance level before a potential price discovery phase. While the BTC price has fiercely rallied over the past few weeks, bitcoin balance on exchanges remains at the lowest levels in nine months, indicating investors are holding bitcoin in wallets rather than readying themselves to sell BITSTAMP:BTCUSD
