Bitcoin’s all-time high target remains as BTC price bounces back to $64,000.

Bitcoin (BTC) re-targeted $64,000 on October 1 after BTC monthly price hit a new record in September.

BTC price defies “Rektember” with a 7% rise.

BTC/USD bounced back after briefly falling below $63,000, according to data from Cointelegraph Markets Pro and TradingView.

At the close of the month in September, the price of BTC was up 7.3% at $63,300, according to data from monitoring resource CoinGlass. This is Bitcoin’s 9th best month ever.

Despite failing to find support after breaking above $65,000 last week, the bulls nonetheless held on to the key medium-term trendline in the form of the 21-week simple moving average (SMA).

Doing so was important to avoid “opening the door to a retest” of the lower range, according to Keith Alan, co-founder of trading resource Material Indicators.

“Losing the 200-day moving average is not a good sign, but holding the 20-week moving average (for now) is a good sign. Losing both would be a sign of weakness,” he said in a previous post on X.

Popular trader Daan Crypto Trades noted changes in order book liquidity. These amounts reached $62,700 and $67,000, respectively, marking support and resistance levels.

“We are testing the daily 200 moving average after it breaks once more.” He went on to agree with Alan.

“We’ve had a hard time maintaining that level so far this year. Whether $BTC is trading up or down is a good mid/high time frame momentum and strength indicator.”

On lower days, fellow trader Roman was among those confident the uptrend would continue.

“There is a nice uptrend forming in H4 at the moment,” he told

As Cointelegraph reports, these scenarios often precede BTC price increases.

“Instead of a 1D deviation, we expect some upward movement/cutoff to provide upward consolidation,” Roman predicted.

Bitcoin plunge buying plan begins in earnest

Others have suggested “buying the dip” as an appropriate short-term strategy, despite progress so far above $65,000.

relevant: ‘Uptober’ breaks all-time high? 5 things to know about Bitcoin this week

“Bitcoin has officially hit a new high, closing the week above $65,000,” said Scott Melker, a trader, analyst and podcaster known as “The Wolf of Every Street.”

“Now we look for dips to buy as another low could potentially form. Altcoins appear largely the same, backtesting their own major breakout resistance as support.”

Cryptocurrency trader, analyst, and entrepreneur Michaël van de Poppe has doubled down on his plans to hit a new Bitcoin all-time high in the coming days.

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“I think we are in a new upward trend. This means that the dip is for buying. In that sense, if we get a retest at $60.5-61.3K, there will be interest before we test ATH.”

This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.