{"id":173855,"date":"2023-10-14T01:18:06","date_gmt":"2023-10-13T19:48:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=173855"},"modified":"2023-10-14T01:18:06","modified_gmt":"2023-10-13T19:48:06","slug":"bitcoin-btc-price-analysis-for-october-12-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-btc-price-analysis-for-october-12-crypto-news\/","title":{"rendered":"Bitcoin (BTC) Price Analysis for October 12 – Crypto News"},"content":{"rendered":"

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Cover image via www.tradingview.com<\/a><\/figcaption>
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.<\/p>\n<\/div>\n<\/div>\n

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Bears<\/a> have been controlling the situation since the beginning of the day.<\/p>\n

Top coins by CoinMarketCap<\/u><\/a><\/figcaption><\/figure>\n

BTC\/USD<\/h2>\n

The rate of Bitcoin (BTC) has declined by 1.52% since yesterday.<\/p>\n

Image by\u00a0TradingView<\/u><\/a><\/figcaption><\/figure>\n

On the hourly chart, the price of Bitcoin (BTC) is looking bearish as the rate is testing the local support level of $26,666. If the daily bar closes around it or below, the drop is likely to continue to the $26,500 zone.<\/p>\n

Image by\u00a0TradingView<\/u><\/a><\/figcaption><\/figure>\n

A less clear picture appears on the daily time frame, as the price of BTC remains far from key levels. As none of the sides has seized the initiative yet, consolidation in the area of $26,400-$26,800 is the more likely scenario until the end of the week.<\/p>\n

Image by\u00a0TradingView<\/u><\/a><\/figcaption><\/figure>\n

From the midterm point of view, traders should focus on the nearest support of $24,920. If the breakout of it happens, the price of BTC may return to an ongoing drop.<\/p>\n

However, it might take a few weeks before that occurs.<\/p>\n

Bitcoin is trading at $26,713 at press time.<\/p>\n<\/div>\n

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About the author<\/p>\n


\n\"article<\/p>\n

Denys Serhiichuk<\/p>\n

<\/a><\/p>\n

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With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cover image via www.tradingview.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]<\/p>\n","protected":false},"author":2,"featured_media":173856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-173855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173855"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173855\/revisions"}],"predecessor-version":[{"id":173858,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173855\/revisions\/173858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173856"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}