Bitcoin (BTC) Price Prediction for October 17
Bears are becoming added effective, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) owns dropped by 0.81% over the last 24 hours.
On the hourly chart, the price of BTC is instead added bearish than conducive as it is uninfluenced the stabilize of $66,789. If the daily candle closes around that mark, there is a opportunity to go to a breakout, abided by means of by a edict to the $66,500 array.
On the bigger time frame, the price of the systematic crypto is trading in the slim array. Traders might start believing around a further up edict lone if the price avails recommend to the resistance of $67,922 and takes on above it.
If that takes place, the enhance might thrive to the $69,000-$70,000 place.
On the weekly chart, one perfunctory to remuneration focus to the meanwhile stretch of $70,000. If the price reaches it, the designed up energy might be sufficient for a test of the resistance of $73,794.
Bitcoin is trading at $67,254 at press time.
