Bitcoin continued trading above $65,000 today, October 15, maintaining a bullish trend for two days in a row. It hit $66,317 earlier today before declining slightly to $65,752, down 0.46%.
However, alongside BTC, Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) are trading in the green zone today, suggesting a broader rally across altcoins and the crypto market.
Bitcoin Tests Key Levels, Eyes New Highs
From its September low of $55,554, Bitcoin has bounced to retest a critical resistance zone at roughly $65,000–$66,300.
Analysts say a break above this range could push prices to about $71,350 or even as high as $78,000. However, if Bitcoin cannot hold at $63,000, there is a chance of a short-term pullback.
By taking a closer look at technical indicators, we have seen the market growing stronger. The MACD is approaching a bullish zone. The RSI (Relative Strength Index) is 62.50, which is in positive momentum but not overbought.
Altcoins See Gains as Broader Market Strengthens
Ethereum (ETH) gained 3.59% over the last 24 hours, supported by strong fundamentals and network upgrades, and was trading at $2,616.41. Dogecoin (DOGE) rose by 3.79% to $0.1164.
Solana (SOL) rose by 1.72% to $155.03 thanks to the surging popularity of DeFi (Decentralized Finance) and NFTs (Non-Fungible tokens). Ripple (XRP) added 1.38%, reaching $0.5451, as optimism builds following recent legal developments that clarified its regulatory status.
Bitcoin ETFs See Massive Inflows, Boosting Market Confidence
The launch of Bitcoin Spot ETFs in the U.S. also contributed to the market optimism surrounding Bitcoin EFTs.
Sosovalue reports Bitcoin ETFs saw a daily net inflow of $555.86 million, totaling $19.36 billion since launch. Currently, Bitcoin ETFs show $61.89 billion in total net assets, representing 4.75% of Bitcoin’s market cap.
The surge in Bitcoin’s price due to this influx of institutional investment via ETFs has strengthened the market’s bullish sentiment. If retail investors follow suit, analysts think this could drive Bitcoin to new highs as continued demand for ETFs is present.
Whale Activity Adds to Bullish Narrative
A whale investor recently bought 200 BTC for $12.56. The whale activities show that investors are confident in BTC. In addition, the whale made other purchases, pocketing $181 million from the trades.
Bitcoin’s market cap is $1.28 trillion, and its 24-hour trading volume is $29.38 billion, indicating strong liquidity.
