---
title: "Where is BTC Headed This Week Following the Test of $64K?"
url: https://diffcoin.com/where-is-btc-headed-this-week-following-the-test-of-64k/
description: "Bitcoin has spent the weekend within a very tight trading range and analysts are mulling its next move for the week ahead, but will it be up or down?"
published: 2024-10-14
updated: 2024-10-14
author: "Mila"
site: "Diffcoin"
---

# Where is BTC Headed This Week Following the Test of $64K?

Will crypto markets experience another week of low volatility and inactivity, or is Bitcoin about to break out and kick off “Uptober”?

On Oct. 14, analyst CrypNuevo told his 117,000 X followers that the week ahead should be good for price action.

> “We’ve seen aggressive moves in both directions, and they are being retraced,” he said before predicting that BTC will move higher this week.

## Up or Down This Week?

The analyst highlighted a liquidation cluster to the upside between $63.5K and $65K, noting that there could be a possible shakeout first, especially at the start of the week, “but price should eventually head toward that area.”

> [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) Sunday update:
> 
> Quiet week ahead; it should be a good one in regards to Price Action.
> 
> We’ve seen aggresive moves in both directions and they are being retraced. But I’m looking for a move higher tho, ideally this scenario.
> 
> This is my analysis and plan for this week: 
> [pic.twitter.com/4zwCDKBO9L](https://t.co/4zwCDKBO9L)
> 
> — CrypNuevo (@CrypNuevo) [October 13, 2024](https://twitter.com/CrypNuevo/status/1845543279892341247?ref_src=twsrc%5Etfw)

On Oct. 14, analyst Michaël van de Poppe echoed the sentiment, stating that there will probably be a couple of days of consolidation before predicting a move higher.

> “A test of $64,000 will likely bring the big breakout we’re looking for. The build-up is massive.”

However, analyst CrediBULL Crypto painted a bearish picture, predicting a retrace back into the mid- to high $50K level before another bounce.

Over the weekend, analyst DonAlt examined both scenarios, stating that if BTC tops $65,000, “I’d wager we’ve finally escaped the endless chop. ” However, if it falls back below $58,000, “more sadness awaits.”

> “I’m hopeful we’ll go up after all this chop has ended.”

The Bitcoin Fear and Greed Index, which measures market sentiment, has returned to neutral at around 48 following a fall into fear late last week.

## BTC Taps $64K

Things already appear to be bubbling up in crypto markets, with Bitcoin returning to a one-week high of $63,975 during Monday morning trading in Asia, according to TradingView.

The asset is still range-bound, however, and it needs to clear $64,000 for any of the bullish scenarios suggested by the analysts above to play out.

The next major resistance point is $66,000, where the asset was halted in late September.

“This week is primed for action,” said Bitcoin OG Kyle Chassé, who added, “In 6 to 8 months’ time, it won’t matter if you bought at $64K or $58K.”

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