Bitcoin (BTC) Price Prediction for October 19

by Marco Stracke

Some coins maintain returned to the crimson zone these days, in accordance with CoinStats.

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BTC/USD

The tempo of Bitcoin (BTC) has dropped by 0.27% over the final 24 hours.

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On the hourly chart, the price of BTC has bounced off the native serve level of $68,085. If the everyday bar closes removed from it, the upward plug could perchance well continue to $68,500 by the following day.

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On the larger time physique, merchants dwell more noteworthy than sellers whereas the flee is above $67,922. On the alternative hand, merchants could perchance perchance need more time to acquire vitality for a further plug.

In this case, sideways trading within the zone of $68,000-$69,000 is the more probably scenario.

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From the midterm point of designate, the price of BTC is on the style to the resistance of $73,794. If a breakout occurs, one can ask a blast to a brand new all-time excessive.

Bitcoin is trading at $68,293 at press time.

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