**Bitcoin Bounces Back, Eyes $64,000 After Record September Close**
Bitcoin (BTC) is back in action, targeting $64,000 after a strong September close. Data from Cointelegraph Markets Pro and TradingView shows BTC/USD rebounding from a dip below $63,000. The monthly close at $63,300 marked a 7.3% gain, making it Bitcoin's best September ever, according to CoinGlass.
Despite not flipping $65,000 to support, Bitcoin held its 21-week simple moving average, a crucial mid-term trend line. Analysts like Keith Alan and Daan Crypto Trades highlight the importance of these levels, with Alan noting that losing both the 200-Day and 20-Week MAs would signal weakness.
Traders are optimistic, with some like Roman forecasting upward movement due to bullish divergences in lower timeframes. Scott Melker, "The Wolf of All Streets," suggests buying dips as BTC establishes higher lows. Michaël van de Poppe also sees a new uptrend, eyeing a retest around $60.5-61.3K before aiming for a new all-time high.
Always remember, trading involves risks, and it's essential to do your own research.