Bitcoin ($BTC ) Price Prediction: Double Bottom Pattern Hints at Breakout Above $67000 - CoinPedia Analytics

Irma - Oct 13 - - Dev Community

Bitcoin is showing bullish divergence as it approaches key resistance levels. Analysts believe that breaking through these levels could confirm a double bottom pattern, signaling a potential uptrend. On Friday, $236 million flowed into Bitcoin spot ETFs, a significant market event.

Technically, Bitcoin is nearing a resistance line at around $66,000, with a breakout above $68,000 strengthening the bullish outlook. Currently, support is between $60,200 and $62,200, while resistance is between $64,100 and $64,500.

A confirmed double bottom pattern at $63,800 could push Bitcoin toward $67,200 and $68,300. The liquidation heat map shows significant liquidity between $64,500 and $65,000, making this zone critical for traders. At present, Bitcoin is trading around $62,600, down over 1%.

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