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Bitcoin Price Prediction: BTC/USD Overruns the $13,200 Resistance, Approaches the $14,000 High

insidebitcoins.com

Bitcoin (BTC) Price Prediction – October 27, 2020 Bitcoin price has broken away from the earlier price range of $12,800 and $13,200. Meanwhile, the daily stochastic has indicated that BTC price is above 80% range, indicating an overbought condition, Similarly, the RSI period 14 is indicating that BTC price is at level 74 indicating that the market has reached the overbought region.

Bitcoin (BTC) Indicator Reading The initial breaking of the resistance line of the ascending channel has propelled BTC to push on the upside. The uptrend has been symbolic as BTC price rebound to break the crucial resistance levels.

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Bitcoin BTC
$ 69733.95

Timeline of Bitcoin

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Bitcoin Bitcoin
69619.9000 -1.43%
Ethereum Ethereum
3526.57000 -1.45%
BNB BNB
609.771000 3.54%
Solana Solana
183.798000 -1.71%
XRP XRP
0.61298300 -1.47%