Bitcoin is still trading above the $60.3k support zone, and has formed a weak bounce so far. I think bears are still waiting for $55k – $57k so I would still be cautious for wicks down below $60.3k. Bitcoin is neutral above the $60,3k support zone for now, I think over the next few hours and days we are likely to see a more clear direction. There is the possibility of a continued move lower below $60.3k or a strong rebound and the start of a rally. Usually Bitcoin is bearish during the first week of October, but is very bullish afterwards so hopefully a strong rebound and rally soon.

Bitcoin has dropped below $60.3k. The last dip held strong with wicks going down as low as $59,860. I would monitor for Bitcoin to hold above $59,860 here, and I would like to see Bitcoin climb back above $60.3k over the next few hours.

Bitcoin is still bullish, I would like to see a strong bounce soon. Bitcoin is back above $60k. Hopefully all upside from here.

Bitcoin Rebounds in the Support Zone

Bitcoin formed a long wick into the support zone, but bulls are showing some strength here and pushing the price back up. I have friends that are going long on Bitcoin and ETH and these current price levels. I think we are still in the process of rebounding, but we could start to trend up over the next day or two. For now I would continue to monitor the price action within the support zone, and I would like to see Bitcoin reclaim support above $60.3k to start trending up higher.

We should see liftoff for crypto sooner rather than later.

Bitcoin is back above $60.3k.

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