Bitcoin’s is witnessing volatility and has succumbed to selling pressure on Sept. 30, falling below $64,000. Even after giving back its gains, Bitcoin is on track to record its best monthly gains in September, topping the 6.04% rise in 2016, according to CoinGlass data. Traders are likely to be upbeat about Bitcoin entering the fourth quarter as October has been one of the strongest months, with an average gain of 22.90% and median gains of 27.70%. If history repeats itself, then a new high is likely to be hit within the next couple of months.

Bitcoin closed above $65,000 on Sept. 26, but the failure to push the price higher attracted profit booking by short-term traders. That has pulled the price back below the breakout level on Sept. 30.

The 20-day EMA ($62,722) is the crucial level for the bulls to defend. If the price bounces off the 20-day EMA, the buyers will try to kick the price above $66,500. If they can pull it off, the BTC/USDT pair may jump to $70,000. Conversely, a break below the 20-day EMA will signal that the bullish momentum is weakening. The pair could then drop to the 50-day SMA ($60,300). That could keep the pair inside the $54,000 to $65,000 range for some time.

Lastly please check out the advancement’s happening in the cryptocurrency world

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