Bitcoin (BTC) Price Analysis for October 27

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Bitcoin (BTC) Price Analysis for October 27
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Does BTC have the power to keep the rise going to $21,000? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser

Despite the rise, Bitcoin is returning to the support level of $20,463. If bulls cannot keep the growth going, there are high chances to see a fall below the mentioned mark tomorrow.

On the daily time frame, Bitcoin has fixed in the bullish zone, which means that the upward move may last for a few days.If that happens, traders might see a return to the zone around $21,000 and above. A similar situation can be seen on the weekly chart; however, one needs to wait until the bar closes. If the closure occurs above the $20,500 mark, the upcoming week might also become bullish for the leading cryptocurrency.

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