Bitcoin is making headlines again, showing significant signs of a bullish trend by reaching a price of $65k per BTC. Investors are eagerly asking if the recent price action indicates a shift or if it’s just a fleeting bounce. Let’s look at the recent developments surrounding the granddaddy of cryptocurrencies.
Google Removes Bitcoin Price Charts from Search Results
Recently, Google has stopped showing live price charts for Bitcoin and other cryptocurrencies in search results. This change came as a surprise to many users who previously relied on this feature. Now, queries like “Bitcoin price” or “Ethereum price” no longer display charts, which have been available since 2018.
This update has been in effect for several days. However, whether it is a temporary glitch or a permanent alteration remains uncertain. Google has not yet released an official statement regarding this decision. Some speculate it might be part of an algorithm experiment, possibly linked to the upcoming U.S. elections.
Despite this removal, stock and index graphs still appear in search results. Google had previously provided users with easy access to current cryptocurrency rates, allowing for quick price checks at any time.
Cryptocurrency enthusiasts are now left wondering if Google will restore these price charts or if this new norm will persist. Until then, users might need to turn to social media platforms for real-time cryptocurrency updates. Our users can simply check our cointracker page for the latest prices.
Bitcoin Price Rises Amid Mt. Gox News
Bitcoin’s price has experienced a notable increase, particularly after the Mt. Gox trustees announced a postponement of the repayment deadline. This defunct exchange is in the process of distributing remaining assets owed to creditors. The new repayment deadline is set for October 31, 2025.
In July, Mt. Gox began the process of returning nearly $9 billion worth of Bitcoin. However, recent data indicates that trustees still hold approximately $2.8 billion.
Bitcoin Remains Rangebound
Despite the recent gains, Bitcoin continues to trade within a narrow range observed throughout most of the year, fluctuating between $50,000 and $65,000. Even tho it’s Uptober, the king of crypto has found it challenging to break above the $65,000 mark, largely due to a lack of encouraging signals.
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Daily Chart Analysis
Examining the daily chart reveals that Bitcoin has been consolidating below the 200-day moving average, which sits around the $64,000 mark. However, today’s price movements indicate a potential end to this consolidation period. The daily candle has breached both the 200-day moving average and the $64,000 resistance level.
Should the daily candle close above these critical resistance levels, it could spark optimism among investors. This might set the stage for a rally toward the $68,000 level in the near term.
4-Hour Chart Insights
Looking at the 4-hour chart, we see a clearly bullish market structure developing. The price has finally broken free from a large bullish flag that had constrained it for weeks. In classical price action, a breakout from a flag pattern typically signals continuation.
Therefore, if this breakout holds and Bitcoin maintains its position above the $64,000 level, targeting the $68,000 resistance zone becomes quite feasible.
Final Thoughts
Bitcoin’s recent surge to $65,000 is capturing attention, especially with significant developments surrounding Mt. Gox and changes in how cryptocurrency data is presented online. While the price is currently experiencing upward momentum, it remains to be seen if this trend can sustain itself.
As always, investors should stay informed and be prepared for volatility. Keeping an eye on market trends and potential news will be crucial in the coming days. Whether this bullish sentiment continues or fades away is yet to be determined, but for now, Bitcoin’s journey is certainly one to watch.
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