Singapore
Raise It With Press Release
TechnologyCommerce / LifestyleFood / BeverageEducationReal Estate / Architecture
Get Guaranteed Publications in minimum 40 Media Outlets for Just S$50
Try it >>
press release

/ Bitcoin Price Hits $65,000, Effects of #Uptober?

Bitcoin Price Hits $65,000, Effects of #Uptober?

Bitrue
Bitcoin price is up and reaching over $65,000. Is this increase because #Uptober is coming or is it just a coincidence and BTC price will go down again tomorrow? Check out the explanation in this article.
preview

Yesterday, Bitcoin received a prediction that its price would increase, today this prediction came true. Bitcoin Price rose to a level of more than $65,000 today.

Is it true that the increase in BTC prices is because #Uptober has come as predicted? Or will this price increase only last today and will decline again tomorrow?

Check out the detailed explanation by reading this article to the end.

Bitcoin Price Chart Today

Source: Bitrue Market
Source: Bitrue Market

After Bitcoin experienced a continuous decline in price for a long time, today Bitcoin finally penetrated the $65,710 level with an increase of +2.46%. In fact, within 24 hours, Bitcoin reached its highest price of $66,499.

You can see a screenshot of the Bitcoin price chart above taken from the Bitrue market. The BTC RSI indicator reached 65, which is a good number in the buying trend because it is more dominant than the selling trend. However, this dominance is still within reasonable limits, not overbought.

The MACD line is clearly visible rising. The two lines also have a clear distance so that the bullish trend will come soon.

So, we can be optimistic that today's Bitcoin price increase is the beginning of BTC's bullishness until the end of 2024. In fact, it is predicted that it will experience a price increase until 2025 based on its performance cycle in the last 4 years.

Source: gandreou007/X
Source: gandreou007/X

Bitcoin Dominance in the Crypto Market

Source: TradingView
Source: TradingView

Bitcoin has indeed become the dominant coin in the crypto market. With today's price increase, BTC dominance is at 58.04. This dominance figure is indeed relatively high, but has decreased by 0.06%.

The price of Bitcoin is like the price of other crypto tokens which experience price fluctuations every day. However, it cannot be denied that Bitcoin has had a fantastic price increase since its first appearance.

Larry Fink, CEO of Blackrock, even stated that Bitcoin could be considered a quality investment asset that could compete with gold.

Bitcoin, which has penetrated the investment stock market, is also increasingly recording major achievements. Bitcoin ETF inflows reached $23 billion and are predicted to continue experiencing significant growth in the future.

Conclusion: the Rising of BTC Price and #Uptober Optimism

#Uptober 2024 seems to be weakening in its presence. Moreover, there are many factors that make the arrival of this annual tradition seem late or even absent this year. However, today's Bitcoin price increase is good news and makes the crypto community optimistic about the presence of #Uptober.

#Uptober is predicted to come in mid-October around October 17/18. If the price of Bitcoin remains at $65,500, it means that #Uptober has really come.

For those of you who want to know about #Uptober developments, Bitcoin prices, and the condition of other coins in the crypto ecosystem, the Bitrue website is the answer. You can access the Bitrue website every day wherever you are for free.

Do a price check BTC to USD, BTC to USDT, and against the prices of other crypto tokens as a comparison. You can easily use all the features on Bitrue to do independent research before deciding to buy BTC coins or other crypto tokens.

About Bitrue
Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
Contact
Fransiskus Email: fransiskus@bitrue.com

Categories
Cryptocurrency

Other Press Release
Cryptocurrency
What is CK4444? From Music History to Cybersecurity Concerns
Bitrue
Apr 25, 2025

Cryptocurrency
Algorand (ALGO) Price Prediction 2025: Will the Fallen Angel Rise Again?
Bitrue
Apr 25, 2025

Cryptocurrency
XRP News Today! XRP’s Defining Moment: Legal Clarity, ETF Momentum, and a Shifting Crypto Landscape
Bitrue
Apr 25, 2025

Cryptocurrency
XRP News Today! XRP Enters a New Era: Legal Clarity, ETF Speculation, and a Resurgent Market
Bitrue
Apr 22, 2025

Cryptocurrency
Treasure NFT: Innovation or Scam? A Comprehensive Review of TNFT
Bitrue
Apr 22, 2025

Cryptocurrency
Lessons from SnapeDex, The Insidious Rise of Crypto Scams
Bitrue
Apr 20, 2025

Cryptocurrency
XRP News Today! XRP Price Analysis: Legal Developments, ETF Momentum, and the Investor Sentiment Battle
Bitrue
Apr 20, 2025

Cryptocurrency
What is the Difference Between XXX and XXXX Token? Similar Names, Different Purposes in Crypto
Bitrue
Apr 16, 2025

Cryptocurrency
Get to Know About Treasure NFT and How to Get TUFT Token: Withdrawal TUFT Date
Bitrue
Apr 16, 2025

Cryptocurrency
XRP News Today! Understanding XRP in 2025: Legal Resolutions, Political Winds, and the Path to New Highs
Bitrue
Apr 15, 2025

Cryptocurrency
Get to Know About Xhamster vs Hamster (HMSTR): Understanding the Key Differences
Bitrue
Apr 15, 2025

Cryptocurrency
XRP News Today! Is a 2,700% Rally on the Horizon for XRP price? Analysts Say History Might Repeat Itself
Bitrue
Apr 13, 2025

Cryptocurrency
BABY Coin Launches Dual Staking Model for BTC & BABY Holders: Get Free Babylon & USDT!
Bitrue
Apr 10, 2025

Cryptocurrency
XRP News Today! Whale Activity, Bullish Hopes, and Ripple's Billion-Dollar Acquisition
Bitrue
Apr 08, 2025

Cryptocurrency
Bitcoin Price Today! Can BTC Rebounds Above $80,000 Amid Tariff Turmoil? Here’s the Analysis
Bitrue
Apr 08, 2025

Cryptocurrency
CPEN Price Prediction after Listing: CPEN Price Could Reach $0.15? Here’s the Analysis
Bitrue
Apr 07, 2025

Cryptocurrency
Crypto Hot News! Listing BABY Coin Launches with Staking & Airdrop Features on Babylon Protocol
Bitrue
Apr 07, 2025

Cryptocurrency
XRP News Today! XRP Price Surges on Regulatory Shifts and ETF Momentum: What’s Next for Investors?
Bitrue
Apr 06, 2025

Cryptocurrency
XRP News Today! Ripple vs. SEC, Legal Developments and Market Impact, What’s Next for XRP?
Bitrue
Apr 05, 2025

Cryptocurrency
The Role of FintechZoom Crypto in Revolutionizing Financial Technology
Bitrue
Apr 05, 2025

Cryptocurrency
Blum Price Prediction after Listing Date: A Rising Star in the 2025 Cryptocurrency Market
Bitrue
Apr 05, 2025

Cryptocurrency
Top 9 Meme Coins to Watch in April 2025: Market Trends and Future Prospects
Bitrue
Mar 31, 2025

Cryptocurrency
Solana (SOL) Price Prediction April 2025, Eyes Potential Breakout Past $300!
Bitrue
Mar 31, 2025

Cryptocurrency
XRP News Today! A Pivotal Moment for XRP after SEC Dropping Its Appeal Against Ripple
Bitrue
Mar 31, 2025

Cryptocurrency
Ethereum Market Analysis: Price Prediction for April 2025
Bitrue
Mar 27, 2025

Cryptocurrency
XRP Price Prediction for April 2025: Will It Cross $3 Soon?
Bitrue
Mar 26, 2025

Cryptocurrency
Top 3 Crypto Airdrops to Watch in Late March 2025: Get Free BTC!
Bitrue
Mar 25, 2025

Cryptocurrency
Rats Kingdom Token Listing Date: RK Token Price Prediction after Launch
Bitrue
Mar 25, 2025

Cryptocurrency
The Impact of Trump's "Liberation Day" Tariffs on April 2: Price of XRP, BTC, SOL Rise Up?
Bitrue
Mar 24, 2025

Cryptocurrency
XRP Price Prediction after SEC Lawsuit Dismissal: Can XRP Break the $3.40 Barrier?
Bitrue
Mar 24, 2025

Cryptocurrency
Ripple’s Victory as SEC Drops Appeal: Celebrate with Bitrue's Staking Pool to Get 5% APY!
Bitrue
Mar 20, 2025

Cryptocurrency
XRP News Today! XRP Price Gains Nearly 10% after Ripple’s Victory as SEC Drops Lawsuit
Bitrue
Mar 20, 2025

Cryptocurrency
Ripple vs SEC Update Today: A Landmark Victory for Crypto
Bitrue
Mar 20, 2025

Cryptocurrency
Bitcoin Price Predictions and Trends for 2025: Will BTC Price Back to $100,000?
Bitrue
Mar 19, 2025

Cryptocurrency
XRP News Today! SEC vs. Ripple: Speculation Grows Over Potential Appeal Withdrawal
Bitrue
Mar 18, 2025

Cryptocurrency
XRP News Today! Update SEC vs. Ripple: A Pivotal Phase and Market Implications
Bitrue
Mar 17, 2025

Politics / Government / Local government
Could Crypto Investors in the U.S. Soon Be Free from Taxes?
Bitrue
Mar 17, 2025

Cryptocurrency
XRP News Today! The Future Hinges on ETF Approval and SEC Developments
Bitrue
Mar 17, 2025

Cryptocurrency
XRP News! SEC Delays Spot Crypto ETF Decisions, Impacting Market Prices
Bitrue
Mar 12, 2025

Cryptocurrency
XRP News and the Cryptocurrency Market: ETF Developments, Regulatory Shifts, and Price Trends
Bitrue
Mar 12, 2025

Cryptocurrency
Bitcoin Price Falls Below $80,000 Amidst Market Turmoil, Can BTC Rebound?
Bitrue
Mar 11, 2025

Cryptocurrency
XRP News Today: XRP Price Fluctuations Amid Strategic Reserve Uncertainty
Bitrue
Mar 11, 2025

Cryptocurrency
Will Bitcoin Price Continue to Fall after Trump's New Rule: What's Next For BTC?
Bitrue
Mar 10, 2025

Cryptocurrency
XRP News Today! U.S. Government's Crypto Strategy: A Game-Changer for XRP?
Bitrue
Mar 10, 2025

Cryptocurrency
Strategic Crypto Reserve Prioritizes XRP, SOL, and ADA Than Bitcoin? Here’s the Analysis
Bitrue
Mar 06, 2025

Cryptocurrency
XRP Price Prediction 2025-2027: Can It Still Deliver Big Returns?
Bitrue
Mar 06, 2025

Mobile games
Confirmed! PAWS is Set for March 2025 Listing, Airdrop, and Price Prediction!
Bitrue
Mar 06, 2025

Politics / Government / Local government
The Bitcoin Strategic Reserve & Trump’s Vision for Crypto Regulation
Bitrue
Mar 05, 2025

Cryptocurrency
Cryptocurrency and Financial Markets React to Trump's Tariff Policies
Bitrue
Mar 04, 2025

Cryptocurrency
XRP Price Plunges as Trump’s Tariffs and Market Liquidations Weigh on Crypto Sector
Bitrue
Mar 04, 2025

Bitrue
URL
https://www.bitrue.com/
Industry
Service
Weekly Release Ranking
Apr 05, 2025 2025
The Role of FintechZoom Crypto in Revolutionizing Financial Technology
Bitrue
VRITIMES Video
vritimes na euvritimes jpFree consultationManual EbookPR College