🟦 Bitcoin continues to strengthen. On the night of October 7, it approached the $64,000 mark, driven by positive U.S. labor market data and expectations of a rate cut by the Federal Reserve in November.
🟦 However, experts caution about risks to the rally of the first cryptocurrency due to geopolitical tensions in the Middle East. For further growth, Bitcoin needs to overcome key resistance at $64,500. If successful, a retest of $66,000 could be possible.
🟦 Specialists also note an increase in short-term investor activity in recent days. Speculators are increasing their long positions, while hodlers are taking profits. Analysts have spotted the potential formation of a “golden cross” in the Coinbase premium, signaling a short-term recovery for Bitcoin’s price.