BTCUSD BITCOIN forcast for the following week 
2024-10-25

  BINANCE:BTCUSDT  Analysis
 Trend Overview 
Bitcoin remains in an uptrend on both the 4-hour and daily charts, sustaining higher lows and strong bullish momentum.

 Key Support and Resistance Levels 

Support: Immediate support lies around $66,000, with further support at $65,200 if a pullback occurs.
Resistance: Immediate resistance is seen at $68,500, with the next target near $69,000 if bullish momentum continues.

 Indicators Overview 

Moving Averages: BTC trades above both its 50-period (short-term) and 200-period (long-term) moving averages, reinforcing the bullish trend.
RSI: The RSI is nearing overbought levels, suggesting strong buying interest but also signaling caution for a potential pullback.

 Price Action 
Bitcoin’s price action on the 4-hour chart shows a series of higher highs and higher lows within an ascending channel, supporting a bullish outlook.

 Potential Scenarios 
 Upside Continuation:  A break above $69,400 could see BTC rally toward $71,000.
 Downside  Risk : A close below $65,000 may signal a temporary pullback to $61,000 /62,000 support.

 Please be aware the US election results will massively affect the assets price upward in case Donald Trump won and will have a neutral effect in case the opposite happens 

 Conclusion 
The short-term bias for Bitcoin remains bullish while above $66,000, with potential for continued gains if resistance levels are breached.