# BTC's Trendline Breakout

*Crypto Chart Scan: BTC Breaks Trendline, Eyes $70K; ETH Holds Strong*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-10-14

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Bitcoin (BTC) has surged past a downtrend line from late September, hitting $64,300 and eyeing key resistance at $70,000. Support lies at $62,000, which may be tested before further upward movement. A drop below this level could signal deeper losses.

The dollar index's rally appears to be stalling, hinting at a potential boost for risk assets like BTC. A doji candle formation suggests traders are uncertain, raising the possibility of a trend reversal.

Meanwhile, Ether (ETH) is maintaining its position above the 200-day moving average while consolidating in a triangle. With BTC gaining momentum, ETH could break out, targeting resistance at $2,770.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/btcs-trendline-breakout)*