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Crypto Market Bracing for Bullish October

Written By: ChartChamp

September 24, 2024

Bitcoin Attempting a Breakout at $63.9k

Bitcoin has traded sideways since Thurs Sept. 19, and is starting to show some bullish momentum here. BTC needs to break above $63.9k in order to rally higher. For now all eyes on $63.9k for a breakout or rejection.

BTC is attempting a bullish breakout here. Price is above $63.8k, I’d like to see a daily candle close above $64k. The daily candle closes in about 3 hours.

Altcoin Market Attempting a Bullish Breakout

The Altcoin market is showing some bullish momentum as we approach the monthly candle close for September. The Altcoin market has broken above a light blue resistance line, flipping resistance into support. There is still a second more important resistance level around $623 billion market cap. I would monitor for a break or rejection over the next few days. I think the likely scenario is a rejection and pullback, but there is the possibility of a strong breakout and Altcoin rally. Whether there is a brief pullback or not, I think it’s time to buy Altcoins before they get more expensive.

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