{"id":67784,"date":"2024-10-14T16:07:45","date_gmt":"2024-10-14T16:07:45","guid":{"rendered":"https:\/\/coinjournal.net\/?p=238384"},"modified":"2024-10-14T16:07:45","modified_gmt":"2024-10-14T16:07:45","slug":"bitcoin-spikes-to-66k-amid-uptober-sentiment","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/","title":{"rendered":"Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment"},"content":{"rendered":"\n<ul>\n<li>Bitcoin price broke to above $66,000 for the first time in nearly three weeks.<\/li>\n<li>Cypto analysts at QCP say &lsquo;Uptober&#8217; and the US election sentiment could help bulls higher.<\/li>\n<\/ul>\n<p><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin (BTC)<\/a> price rose more than 6% to break above $66,000 on Monday, October 14, 2024 as most cryptocurrencies recorded 24-hour gains.<\/p>\n<p>According to data from CoinGecko, BTC price had reached highs of $66,173 across major crypto exchanges.<\/p>\n<p>On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance.<\/p>\n<p>Bitcoin traded around $65,959 on Coinbase at the time of writing, suggesting a potential continuation amid gains across the S&amp;P 500. The issue of China&#8217;s stimulus package was also told in trader sentiment. In the crypto market, the overall &ldquo;Uptober&rdquo; mood looked to have swung in as altcoins also rose.<\/p>\n<figure id=\"attachment_238386\" aria-describedby=\"caption-attachment-238386\" class=\"wp-caption alignnone\"><img data-source=\"CoinJournal\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-238386 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/10\/bitcoin-btc-chart-tradingview.png\" alt=\"\" width=\"1057\" height=\"545\"><figcaption id=\"caption-attachment-238386\" class=\"wp-caption-text\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">BTC chart. Source: TradingView<\/a><\/figcaption><\/figure>\n<h2>Bitcoin surges ahead of US election<\/h2>\n<p>A forecast for BTC by the Singapore-based trading firm QCP Capital suggests BTC is showing price trajectories that mirror previous US election cycles.<\/p>\n<p>If this trend continues, Bitcoin <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bernstein-analysts-predict-bitcoin-surge-to-90k-if-trump-wins\/\">bulls may target further gains<\/a> ahead of the Nov. election.<\/p>\n<p>&ldquo;Although there could be many factors that could explain today&#8217;s move, it is quite an interesting time if we look at historical price action. We are in the middle of October and just three weeks away from the US elections,&rdquo; QCP said in an <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.me\/QCPbroadcast\/1339\">update<\/a> on Telegram.<\/p>\n<p>The trend in 2016 saw Bitcoin rise from around $600 three weeks to the election to above $1,200 in early January. It again happened in 2020, when BTC rallied from $11k around mid-October to hit $42k in January 2021.<\/p>\n<p>&ldquo;After months of trading in the range, will history repeat itself? Today&#8217;s rally has definitely given the market a glimmer of hope just as Uptober optimism was fading,&rdquo; QCP added in the note.<\/p>\n<p>Bitcoin reached an all-time high of $73k in March, with the rally coming amid halving sentiment and the launch of spot Bitcoin exchange-traded funds.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/\">Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Bitcoin price broke to above $66,000 for the first time in nearly three weeks. Cypto analysts at QCP say &#8216;Uptober&#8217; and the US election sentiment could help bulls higher. Bitcoin (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024 as most cryptocurrencies recorded 24-hour gains. According to data from [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/\">Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":67785,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,43,1],"tags":[],"class_list":["post-67784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price broke to above $66,000 for the first time in nearly three weeks. Cypto analysts at QCP say &#8216;Uptober&#8217; and the US election sentiment could help bulls higher. Bitcoin (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024 as most cryptocurrencies recorded 24-hour gains. According to data from [&#8230;] The post Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-14T16:07:45+00:00\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment\",\"datePublished\":\"2024-10-14T16:07:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment\\\/\"},\"wordCount\":356,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment.png\",\"articleSection\":[\"Blockchain\",\"Crypto Currency News\",\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-spikes-to-66k-amid-uptober-sentiment\\\/\",\"name\":\"Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment - 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Cypto analysts at QCP say &#8216;Uptober&#8217; and the US election sentiment could help bulls higher. Bitcoin (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024 as most cryptocurrencies recorded 24-hour gains. According to data from [&#8230;] The post Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2024-10-14T16:07:45+00:00","author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment","datePublished":"2024-10-14T16:07:45+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/"},"wordCount":356,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2024\/10\/bitcoin-spikes-to-66k-amid-uptober-sentiment.png","articleSection":["Blockchain","Crypto Currency News","General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/","url":"https:\/\/coinalsat.com\/en\/bitcoin-spikes-to-66k-amid-uptober-sentiment\/","name":"Bitcoin spikes to $66k amid \u2018Uptober\u2019 sentiment - 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