Log in

Market Direction

Bitcoin price prediction today: Is a pullback to $61k possible?

Published: Sep 24, 2024
0
Share:

What is Bitcoin: Bitcoin (BTC) is the pioneering cryptocurrency introduced by the enigmatic Satoshi Nakamoto in 2008. It operates on a revolutionary decentralized ledger known as the blockchain and is widely regarded as digital gold due to its finite supply and secure, transparent nature. As the first and most recognized cryptocurrency, Bitcoin remains a cornerstone of the digital asset world.

Post Feature Image

  • Overall, Open Interest has remained relatively unchanged over the last few days, although the Funding Rate has come down slightly.
  • There isn't enough of a change in OI and Funding for it to affect our trading outlook over the coming 2-5 days.
  • On local timeframes, there were some Shorts that went on at $64k, which brought the Funding Rate down slightly.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


Technical analysis

  • Bitcoin has battled now at the horizontal resistance of $63,400 for a number of days, with large wicks on either side of $63,400.
  • BTC has broken out of the downtrend line, and now, at the local resistance of $63,400, it wouldn't be surprising to see a slight pullback to possibly the Yellow box (between $60,200 and $61,700).
  • If BTC can break above $63,400, then $65,000 is likely to be the stopping point as this is where Ask liquidity has built up in the orderbooks.
  • The RSI is at 62, so there's room to go higher, but it is relatively close to overbought territory.
Bitcoin price chart showing technical analysis with resistance and support levels, highlighting potential pullback zones and RSI indicators for trend prediction.

Cryptonary's take

The market has performed well over the last few weeks, so we are open to the idea that the price can pull back to and consolidate at the $61k to $62k level. We're expecting more subdued price action from BTC, at least over the next few days. It's likely price remains in a tight range between $60,200 and $65,000. We're, therefore, not looking to be too active here, and we're looking to sit tight whilst BTC potentially has a few days of just consolidating. Nothing is too exciting here, but it is appropriate following a 19% price increase of the September 6th lows.

Bitcoin's all-time high (ATH) is $75,757.

How to buy:

  • Via Centralized Exchange (CEX):
    1. Choose a CEX like Binance, Coinbase, or Kraken.
    2. Create and verify your account.
    3. Deposit fiat or other cryptocurrencies.
    4. Navigate to the BTC trading section and complete your purchase.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025
BTC, ETH, and More: Bearish Pressure as Key Support Levels Break
PRO
Market Direction
BTC, ETH, and More: Bearish Pressur...Markets face critical retests with BTC and major alts breaking supports; all eyes on bounce zones an...
7 min read
Oct 17, 2025
BTC, ETH and More: Key Supports Reclaimed, Next Targets in Play
PRO
Market Direction
BTC, ETH and More: Key Supports Rec...Markets are showing signs of recovery after last week’s turbulence. Bitcoin and Ethereum are stabili...
4 min read
Oct 15, 2025