Bitcoin Price Prediction: BTC/USD Rally Continues to $60,000

Bitcoin Price Prediction for the 14th of October

As the currency experiences a rapid and positive price rise, the Bitcoin price is rising by moving close to the channel.

BTC/USD Bullish Long-Term Trend (Daily Chart)
Levels of importance:

$64,000, $66,000, and $68,000 are the resistance levels.

$53,000, $51,000, and $49,000 are the three levels of support available.

The price of BTC/USD is rising over the critical barrier level of $57,500. The currency is trading at $57,641 at the time of writing, heading closer to $59,000. However, after a sustained breach above a crucial technical mark, the number-one crypto is rising with tremendous bullish momentum.

Bitcoin Price Prediction: BTC (Bitcoin) Is About to Blow Up

As long as the price of Bitcoin remains above the 9-day and 21-day moving averages, a drop below $57,000 may pave the way for gains towards $60,000. Meanwhile, technical analysis indicates that the bulls are primed for action, particularly when the up-trending Relative Strength Index (14) is taken into account. As a result, any additional bullish rise over the channel’s top border may open the way for gains above $60,00…