Bitcoin Continues to Rise on 'Uptober' Expectations

BTC surpassed $66,000 in additional buying pressure on the morning of the 15th
Defended the $65,000 support line despite the adjustment that started in the afternoon
Altcoins rose following BTC and then entered a slight adjustment in the afternoon
Experts say "BTC is in a bullish market depending on the defense of $65,000"

Bitcoin (BTC) continued its upward trend on the 15th, responding to expectations of 'Uptober'.

Bitcoin rose about 5.5% from the previous day, breaking through $66,000. The main reason for Bitcoin's rise is said to be the US presidential election.

The betting site 'PredictIt' revealed that the probability of former President Trump's election is 54.8%, far exceeding Vice President Kamala Harris' probability of 44.8%. As the close competition between the two candidates tilted towards the 'pro-cryptocurrency candidate' former President Trump, investors also rushed to bet on the cryptocurrency market, including Bitcoin.

There is also an analysis that the sharp rise in Bitcoin created a sense of expectation for 'Uptober' among investors, and additional buying pressure flowed into the market. As Bitcoin rose from the early October decline starting on the 14th, the cryptocurrency community was rife with expectations of a "real bull market," and this expectation led to the rise of Bitcoin and other cryptocurrencies.

Along with the rise of Bitcoin, many altcoins also recorded a rise of over 5%. The cryptocurrency market, which had been on the rise, entered a slight adjustment from the afternoon of the 15th, but still maintained an upward trend. In the case of Bitcoin, it managed to defend the $65,000 level.

◇Bitcoin = As of 4:30 pm on the 15th based on Upbit, the price of Bitcoin is 88.46 million won. Bitcoin's market share (dominance) was 58.09%.

Experts around Bitcoin were optimistic about Bitcoin breaking through $66,000.

Famous cryptocurrency analyst Ali Martinez said on his X account on the 15th, "We need to pay attention to the fact that Bitcoin is showing a recovery just below $66,000," and "If it can maintain this level for the next few days, there will be further upside."

He particularly emphasized that "there is a movement to break through the critical 200-day moving average (MA) formed between $63,000 and $64,000 on the daily chart," and "Although it has failed to break through this level four times this year, repeated attempts to break through could become an important turning point for future price movements."

◇Rising Coins = As of 4:30 pm on the 15th based on Upbit, the cryptocurrency that recorded the largest increase from the previous trading day was Carv Coin (CARV), rising about 36%.

Carv Coin is a modular data layer protocol specialized in games and artificial intelligence (AI). It aims to gather information scattered across various games and AI platforms into a single integrated data layer.

The main reason for Carv Coin's surge on the 15th is evaluated as the large-scale buying pressure that occurred with its listing on Upbit.