Bitcoin $BTC climbed to multi-day highs on Oct. 12 as markets mimicked last weekend’s dubious upside.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action nearing $63,500, up 1.5% on the day — similar behavior to the weekend prior.
BTCUSD
made strong progress during the Oct. 11 Wall Street trading session after testing $60,000 support for much of the week.
Attempting to catch up with United States equities, Bitcoin shrugged off new US inflationary pressures, even as markets reduced bets on the extent of future interest rate cuts.
“Monthly & Weekly open are always pretty pivotal so very important for buyers to reclaim for another shot at $65K,” he concluded.
The monthly and weekly open levels correspond to $62,850 and $63,330, respectively, making the current spot price area a key battleground.
Analyzing exchange order book liquidity, trading resource Material Indicators added two more nearby BTC price upside targets just below $65,000.
FireCharts shows Bitcoin support stacking above $63k, and it looks like bulls want to challenge the 200-Day Moving Average,” it told X followers, referring to one of its proprietary trading indicators.
