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Bitcoin Pump to Start off the Week

Written By: ChartChamp

October 14, 2024

Bitcoin is very bullish for the second half of October, and the October monthly candle has flipped from red to green. The next 3 weeks are very bullish, and Bitcoin has started off the week with a bullish breakout and pump above the red resistance line. I have $66k as a key price target that needs to break for Bitcoin to start the bull run. The Altcoin market is already forming a bullish breakout and Bitcoin is lagging behind.

Bitcoin has already reached $66k. There could be a bit of resistance here, but I think there will ultimately be a bullish breakout sometime in October. The bullish breakout could even occur this week.

BTC is trading right under $66k resistance, a breakout could occur in the blink of an eye. For now we wait to see when it happens. Could be today or there could be delays if there are rejections.

MSTR is leading the crypto rally, and has already formed a bullish breakout before Bitcoin. Some of you are waiting for a MSTR pullback, I think this could be a bullish breakout with no pullbacks. If there is a pullback I have $174-179 as buy levels.

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