# BTCUSD Soars: Will $70K Be Within Reach? Bullish Momentum Builds! By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/13189 Published: 2024-10-15T21:01:00.000Z Updated: 2024-10-15T21:01:00.000Z Section: Investing > BTCUSD surged above $66000 on upbeat market sentiment. It hit a high of $66479 yesterday and is currently trading at around $64849. Potential reversal zone- $52530. BTCUSD surged above $66000 on upbeat market sentiment. It hit a high of $66479 yesterday and is currently trading at around $64849. Long liquidation- Within 24 hours, liquidations in the cryptocurrency market reached around $233 million, predominantly driven by short positions. Of this total, short liquidations constituted about $198 million, which is nearly 85% of the overall figure. BTC ETF BTCETF saw inflows of $555.9 M on Oct 14th yesterday led by Fidelity wise Orgin Bitcoin Fund with $239.30 million inflows, According to SoSOValue. US markets - NASDAQ (No correlation with BTC) - Bullish (neutral for BTC). The NASDAQ trades higher on strong market sentiment. Any close above 20500 will take the index to 21000. Technicals- BTCUSD trades above the short-term moving average 34- EMA and 55 EMA and the long-term moving average (200 EMA) in the 4-hour chart. Minor support- $63000. Any break below will take it to the next level at $60000/ $57000/$55000/$52500/$50000/$46000. Bull case- Primary supply zone -$67000. Any break above confirms an intraday bullishness. A jump to $67000/$70000 is possible. Secondary barrier- $70000. A close above that barrier targets $750000/$80000. Indicator (4-hour chart) CCI (50)- Bullish Average directional movement Index - Bullish It is good to buy on dips around $63000 with SL around $60000 for TP of $70000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)