According to Cointelegraph: Bitcoin’s recent rally has set the stage for potential new highs, with prices reaching $67,953 on October 15. Market sentiment suggests that BTC may surpass the psychological $70,000 level, marking a significant milestone in 2024. However, traders remain cautious as key resistance at $68,000 must be cleared to sustain upward momentum.

Bitcoin’s Price Reaches Highest Levels Since July

Bitcoin’s 6.17% surge on October 15 reflects renewed optimism in the crypto market. After hitting an intra-day high of $67,953, BTC is positioned to achieve the highest daily close since July 31, challenging its previous peak of $66,450 from late September.