Bitcoin (BTC) Tests Key Levels, Eyes New Highs

Bitcoin continued trading above $65,000 today, October 15, maintaining a bullish trend for two days in a row.

Bitcoin (BTC) price remained above the critical $65,000 level on October 15 as a two-day bullish trend continued. BTC hit $66,317 earlier today before dropping slightly to $65,752, down 0.46%.

However, Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) all rose on Friday, indicating a broader rally across altcoins and the crypto market more widely.

Bitcoin eyes new highs as it tests key levels

From its September low of $55,554, Bitcoin has bounced to retest a critical resistance zone at roughly $65,000–$66,300.

If prices break above this range, analysts say they could rise to about $71,350 or even as high as $78,000. However, if Bitcoin fails to hold at $63,000, there is a chance of a short-term pullback.

A glance at technical indicators shows the market growing stronger. The MACD is approaching a bullish zone. The RSI (Relative Strength Index) is 62.50, which indicates positive momentum but not overbought conditions.

Altcoins rise as broader market strengthens

Over the last 24 hours, Ethereum (ETH) gained 3.59%, supported by strong fundamentals and network upgrades, and was trading at $2,616.41. Dogecoin (DOGE) rose by 3.79% to $0.1164.

Thanks to the surging popularity of DeFi (Decentralized Finance) and NFTs (Non-Fungible tokens), Solana (SOL) rose by 1.72% to $155.03. 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.

According to Sosovalue, 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.