Bitcoin Must Stay Above Two Support Levels to Continue Bull Run

Bitcoin is now navigating two crucial support levels after bouncing back from 10-day lows. On Oct. 24, Keith Alan, co-founder of Material Indicators, highlighted an old resistance level from April 2021, which is now acting as support. The $65,000 mark has become a key level that Bitcoin must hold. After reaching $69,000 for the first time since the summer, Bitcoin faced a retracement, but sellers were unable to maintain control for long. Following the Oct. 23 Wall Street open, a surge in stop-loss orders caused a brief acceleration of the downward momentum, taking BTC/USD down to $65,000 — its lowest