CryptoMediaClub
Monday, October 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Bitcoin Shows Positive Outlook as Bulls Refuse To Give Up

06.10.2023
A A
0
122
VIEWS
ShareShare

Bitcoin Shows Positive Outlook as Bulls Refuse To Give Up

  • The price of bitcoin is having trouble breaking over the $27,800 range.
  • Bitcoin has historically fared well in the month of October during the last decade.

According to market researcher Rekt Capital, there is one more significant downturn on the cards before the next halving occurs, since Bitcoin’s price behavior in 2015 and 2019 both indicated substantial falls at this time.

In a follow-up post, the analyst said that he intends to dollar-cost-average into Bitcoin for the duration of the Pre-Halving time frame, anticipating a parabolic upward move immediately after the halving.

Bitcoin has historically fared well in the month of October during the last decade. Bitcoin’s value rocketed by 39.93% in 2021, after a significant gain of 27.7% in 2020. Looking back even farther to October of 2017, we see a positive spike of 47.81% at month’s end.

Bulls Striving Hard

At the time of writing, BTC is trading at $27,630, up 0.17% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 10.88%. Despite the recent pullback, the price is up 2.03% in the last 7 days and 7.46% in the last 30 days.

Source: CoinMarketCap

The price of bitcoin is having trouble breaking over the $27,800 range. After a downward correction, bitcoin price tried a new rise from the $27,200 support area. Bitcoin (BTC) has climbed back over the $27,500 resistance level at the time of writing.

If the price manages to go past $27,800 level then it will likely test $28,500 resistance level. If bulls could drive the price above this level then it will likely test the $30,490 area. On the other hand, if price breaks below $27,280 level, then it will likely decline and test $26,070 support level.

Share9Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
First Look: Art gallery in Dubai to educate artists on NFTs, Web3

First Look: Art gallery in Dubai to educate artists on NFTs, Web3

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin priced on Binance​.US crypto exchange at $700 premium

Bitcoin priced on Binance​.US crypto exchange at $700 premium

2 years ago
Solana Price Prediction: Will SOL’s 11.9% Weekly Momentum Carry It Towards All-Time Highs?

Solana Price Prediction: Will SOL’s 11.9% Weekly Momentum Carry It Towards All-Time Highs?

2 months ago
Hong Kong to tighten crypto regulation in wake of JPEX fraud case

Hong Kong to tighten crypto regulation in wake of JPEX fraud case

2 years ago
UK Plans Expanding Team to Combat Crypto-Related Crimes

UK Plans Expanding Team to Combat Crypto-Related Crimes

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

Russian Central Bank to Launch ‘Large-scale Audit of Nation’s Crypto Holdings’

US Government Shutdown Crisis: Financial Market Turmoil Intensifies, But Investors Flock to H Mining

XRP Price Prediction: $3.12 Breakout or New Decline? What’s Next?

Trending

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining
All news

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

06.10.2025
0

XRP’s value extends far beyond its price, powering fast remittances, loyalty rewards, and institutional finance.The native digital...

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

06.10.2025
From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

06.10.2025
Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

06.10.2025
Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

06.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz