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Bitcoin (BTC) Price Analysis for October 27

Thu, 10/27/2022 - 22:00
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Denys Serhiichuk
Has Bitcoin (BTC) entered bullish zone by now?
Bitcoin (BTC) Price Analysis for October 27
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls seem ready to keep the growth as most of the coins are rising.

Top 10 coins by CoinMarketCap


Bitcoin (BTC) is one of the least-growing coins, rising by less than 1%.

BTC/USD chart by TradingView

Despite the rise, Bitcoin (BTC) is returning to the support level of $20,463. If bulls cannot keep the growth going, there are high chances to see a fall below the mentioned mark tomorrow.

BTC/USD chart by TradingView

On the daily time frame, Bitcoin (BTC) has fixed in the bullish zone, which means that the upward move may last for a few days.

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If that happens, traders might see a return to the zone around $21,000 and above.

BTC/USD chart by TradingView

A similar situation can be seen on the weekly chart; however, one needs to wait until the bar closes. If the closure occurs above the $20,500 mark, the upcoming week might also become bullish for the leading cryptocurrency.

Bitcoin is trading at $20,604 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at