Bitcoin Targets $71K Amid Strong October Rally

Bitcoin’s October rally has traders excited as it pushes toward $71,000. Currently trading above its 50- and 200-day EMAs,

Bitcoin could reach $69,000 if it breaks $67,500, potentially

climbing further to test the all-time high of $73,808.

Bullish Indicators

A descending wedge pattern on the daily chart hints at more

gains, and with an RSI at 57.34, Bitcoin has room to rally before

overbought levels kick in.

Key Levels and Risks

If Bitcoin dips below $66,500, support at $64,000 could come

into play. External factors, like the Fed’s rate policies and

upcoming SEC ETF decisions, may impact Bitcoin’s path.

For now, the bullish trend continues as Bitcoin eyes another

push toward historic highs.

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