Where is BTC heading this week following the $64K challenge?

Will crypto markets face another week of low volatility and inactivity, or is Bitcoin about to break out and begin “Uptober”?

On October 14, the analyst CrypNuevo told his 117,000 X followers that the coming week should be good for price action.

“We've seen strong moves in both directions and they're coming back again,” he said before predicting that BTC would go higher this week.

Up or down this week?

The analyst highlighted the liquidity cluster between $63.5K and $65K, noting that there could be a trigger first, especially at the beginning of the week, “but the price should eventually move to that area.”

$BTC Sunday Update:

A quiet week ahead; It should be good in terms of price action.

We have seen aggressive moves in both directions and they are coming back again. But I'm looking for higher activity, ideally this situation.

Here's my analysis and plan for this week: pic.twitter.com/4zwCDKBO9L

— CrypNuevo (@CrypNuevo) October 13, 2024

On October 14, analyst Michael van de Pop echoed his sentiments, suggesting that there would likely be a couple of days of consolidation before predicting a move higher.

“The $64,000 trial will make the big difference we need. The build-up is huge.”

However, analyst CrediBULL paints a bleak picture, predicting that Crypto will return to the mid-high $50k level before another rout begins.

At the end of the week, analyst Donald analyzed both scenarios, saying that if BTC goes above $65,000, “we finally escape the endless chop. However, if it falls below $58,000, “Add Sadness awaits. “

“Hopefully after all this chop is over we'll be moving up.”

The Bitcoin Fear and Greed Index, which measures market sentiment, has returned to neutral at around 48 following last week's fall on fear.

BTC Taps $64K

Things seem to be looking up in the crypto markets, with Bitcoin returning to a one-week high of $63,975 during Monday morning trading, TradingView reports.

The property is still range-restricted, however, and must clear $64,000 for any favorable conditions suggested by the analysts above to play.

The next main resistance point is $66,000, the property stopped at the end of September.

“It doesn't matter whether you buy at $64K or $58K in 6 to 8 months,” says Bitcoin OG Kyle Chase.