On Monday, October 2, quotes of the first cryptocurrency exceeded $28,000. Over the past 24 hours, the asset has added 3.5%, according to CoinGecko.
At the time of writing, the price is trying to gain a foothold above the designated level.
BTC/USDT hourly chart of the Binance exchange. Data: TradingView.
Bitcoin closed September positively, despite the overall negative trend – the rate increased by 3.9%.
Data: CoinGlass.
Following the flagship, assets from the top 10 by capitalization moved into the “green zone”. The most noticeable growth is demonstrated by Solana (SOL) – 14% over the last 24 hours.
Data: CoinGecko.
The total capitalization of the cryptocurrency market is $1.15 trillion (+2.6%). The BTC dominance index was 47.4%, ETH – 18%.
Some representatives of the crypto community noted a breakthrough on a psychological level. According to one X user, the next step is to rise to $31,000.
See more
#BTC Breakout is Done as Expected✍️
Now,send to +31K📈 pic.twitter.com/GbSpRWNfxh
— JONES RANDY (@joneseugeneb) October 2, 2023
Trader Michael van de Poppe admitted the possibility of two re-tests at the lower boundaries of $27,000-27,500.
See more
#Bitcoin back up to $28,400.
From here, it seems like buying the dip is the game.
I’m assuming that we’ll see some retests on lower boundaries at $27,000-27,500 before we’ll continue, but breaking $30,000 opens the gates to $40,000 really fast.
— Michaël van de Poppe (@CryptoMichNL) October 2, 2023
«[…] but a break of $30,000 very quickly opens the gate to $40,000,” the trader wrote.
Earlier, Bitfinex specialists recorded signs of a resumption of the bullish trend. In their opinion, this is indicated by the behavior of long-term Bitcoin holders.
However, experts at QCP Capital remained bearish on digital gold for the fourth quarter. They named $22,000 as a target rate in October. The scenario will be canceled if $32,000 is broken through.
In August, BitMEX co-founder Arthur Hayes called the $20,000 level. In his opinion, the first cryptocurrency may go lower followed by a new bullish impulse. However, a month later he pointed to the positive outlook for digital gold, contrary to the Fed’s policy.
Recall that the founder of Edelman Financial Engines, Rick Edelman, predicted the price of the first cryptocurrency to rise to $150,000 by the summer of 2025.
Subscribe to ForkLog on social networks
Found an error in the text? Select it and press CTRL+ENTER
ForkLog newsletters: keep your finger on the pulse of the Bitcoin industry!
2023-10-02 06:31:01
#Bitcoin #price #exceeded #ForkLog
