Market Analysis
As of October 2, 2024, Bitcoin (BTC) continues to display high volatility, currently trading at $60,253.34. Recent price movements show fluctuations between $59,988.03 (low) and $60,409 (high), indicating significant trading activity. The 24-hour volume stands at approximately $36 million, suggesting strong market interest.
Technical indicators such as the Relative Strength Index (RSI) are hovering around 58, indicating a mild bullish trend but not overbought, allowing for potential upward movement without immediate correction risk. The Moving Average Convergence Divergence (MACD) also shows signs of bullish momentum, with the shorter-term MA crossing above the longer-term MA.
Support authors and subscribe to content
This is premium content. Subscribe to read the entire article.
Login if you have purchased
