# BTC's Trendline Breakout

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

**Published by:** [aundingoya.eth](https://paragraph.com/@aundingoya.eth/)
**Published on:** 2024-10-14
**URL:** https://paragraph.com/@aundingoya.eth/btcs-trendline-breakout

## Content

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.

## Publication Information

- [aundingoya.eth](https://paragraph.com/@aundingoya.eth/): Publication homepage
- [All Posts](https://paragraph.com/@aundingoya.eth/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@aundingoya.eth): Subscribe to updates

## Optional

- [Collect as NFT](https://paragraph.com/@aundingoya.eth/btcs-trendline-breakout): Support the author by collecting this post
- [View Collectors](https://paragraph.com/@aundingoya.eth/btcs-trendline-breakout/collectors): See who has collected this post