Bitcoin (BTC) Price Analysis for October 27

Bulls seem ready to keep the growth as most of the coins are rising.

BTCUSD

Bitcoin (BTC) is one of the least-growing coins, rising by less than 1%.

Despite the rise, Bitcoin (BTC) is returning to the support level of $20,463. If bulls cannot keep the growth going, there are high chances to see a fall below the mentioned mark tomorrow.

On the daily time frame, Bitcoin (BTC) has fixed in the bullish zone, which means that the upward move may last for a few days.

If that happens, traders might see a return to the zone around $21,000 and above.

A similar situation can be seen on the weekly chart; however, one needs to wait until the bar closes. If the closure occurs above the $20,500 mark, the upcoming week might also become bullish for the leading cryptocurrency.

Bitcoin is trading at $20,604 at press time.

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