CryptoMediaClub
Tuesday, July 29, 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 Market Analysis: Neutral Sentiment Persists Amidst Investor Hesitation

Bitcoin Market Analysis: Neutral Sentiment Persists Amidst Investor Hesitation

2 years ago
CoinPoker’s Meme Millions Tournament Series is a $1,000,000 Extravaganza for DOGE, SHIB and PEPE Fans 

CoinPoker’s Meme Millions Tournament Series is a $1,000,000 Extravaganza for DOGE, SHIB and PEPE Fans 

9 months ago

Meta’s Reality Labs Division Reports Unexpected $3.7B Loss in Q3

2 years ago
Coca-Cola Launches ‘Masterpiece’ NFT Collection on Coinbase’s Base

Coca-Cola Launches ‘Masterpiece’ NFT Collection on Coinbase’s Base

2 years ago

Categories

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

Highlights

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

Trending

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury
All news

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

29.07.2025
0

Tron, Nasdaq-listed company formerly known for selling theme park souvenirs, has filed to register up to $1...

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

29.07.2025
Interactive Brokers Mulls Stablecoin Launch to Serve Users

Interactive Brokers Mulls Stablecoin Launch to Serve Users

29.07.2025
Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

29.07.2025
BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

29.07.2025
  • 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