{"id":29535,"date":"2024-10-14T15:11:17","date_gmt":"2024-10-14T15:11:17","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=29535"},"modified":"2024-10-14T15:28:41","modified_gmt":"2024-10-14T15:28:41","slug":"bitcoin-technical-analysis-report-14th-october-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-14th-october-2024","title":{"rendered":"Bitcoin Technical Analysis Report | 14th October 2024"},"content":{"rendered":"\n

Bitcoin rebounded sharply after dipping below $60,000 earlier this week, despite buyers finding it challenging to maintain momentum at higher levels. This pattern of dip-buying and rally-selling suggests that Bitcoin may enter a tight trading range in the near term. A positive indicator is the strong demand seen at lower levels. Following three days of outflows, U.S.-based spot Bitcoin exchange-traded funds recorded inflows of $253.6 million on October 11. While Bitcoin’s price remains range-bound, some analysts are beginning to shift their optimism toward altcoins. <\/p>\n\n\n\n

At the time of writing, BTC was trading at $62,625.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

BTC resisted at the key level of $66,500 and corrected almost 11%, and dropped to $58,946. However, the prices didn\u2019t give a close below the psychological level of $60K. On a broader scale, the asset continues to trade in a \u2018Descending Channel\u2019 pattern. Once Bitcoin gives a breakout above the patter with good volumes then we may expect it to further rally and cross the previous all time high of $73,777.<\/p>\n\n\n\n

Key Levels:<\/strong><\/p>\n\n\n\n

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$56,000<\/td>$62,000<\/td>BTC<\/strong><\/td><\/td>$66,500<\/td>$73,777<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the grand scheme of things, ZebPay blogs is here to provide you with crypto wisdom. Click on the button below and discover endless features on ZebPay!<\/p>\n\n\n\n

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TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin rebounded sharply after dipping below $60,000 earlier this week, despite buyers finding it challenging to maintain momentum at higher levels. This pattern of dip-buying and rally-selling suggests that Bitcoin may enter a tight trading range in the near term. A positive indicator is the strong demand seen at lower levels. Following three days of […]<\/p>\n","protected":false},"author":1,"featured_media":29540,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29535"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=29535"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29535\/revisions"}],"predecessor-version":[{"id":29539,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29535\/revisions\/29539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/29540"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=29535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=29535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=29535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}