Greed

Cryptocurrency

Bitcoin

Toncoin

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 <p class="paragraph">Bitcoin (BTC) has been on a small rollercoaster ride in recent days, trading above and below the $26,000 threshold several times. This uninspiring performance highlighted the challenges BTC is facing to make a significant breakthrough after dropping more than 10% in the past month.</p> 
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 <p class="paragraph">However, one prognosis forecasts a rebound in BTC’s <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> in the coming weeks, indicating potential signs of much-needed optimism.&nbsp;</p> 
 <p class="paragraph">Specifically, Bitcoin is projected to reach $28,435 by October 13, 2023, signaling that the world’s largest cryptocurrency could witness a surge of nearly 9% from its current <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, according to September 13 data displayed by the <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> prediction algorithm at the crypto analytics platform <em>CoinCodex</em>.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/3ukU4hU-Q8__Ru0UqU4DaEBNupDgWInc2vJTTp6kj5EwMXNVGiRy_AumUWUnENjmy-rMDXE46vLMu38D4Z1cNqSNbfINOHQU0Y7cQ1I14jDQyeRdgne3dUAFhM8c0oTTPtJdkRPeoFzAktWDHWuuw8o" alt>
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   CoinCodex’s 1-month BTC price prediction. Source: CoinCodex
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 <h2 class="wp-block-heading" id="h-btc-price-projections">BTC price projections</h2> 
 <p class="paragraph">Apart from a 30-day projection, the platform offered interesting <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> estimates for several other timeframes. For instance, CoinCodex anticipates Bitcoin to reach a new high of $31,139 by September 30, implying a potential short-term upside of around 20%. On the other hand, as of October 31, 2023, the cryptocurrency could slip back to $27,205, which is still 4% higher than its current <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>.&nbsp;</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/FgZzS7Tt8bQtput91etPZeFxqyMnkyH869j-7UKE0Pc83O8RsHqsdDrU_oNDDnvA9vfAMPTBiDV4xreCrrcsksQr11cjAu_m76WXEEvWZkVkU2BKTrAoH6TcdEUF_9v-_0uP1H_rjutlVAKitZY3wcI" alt>
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   CoinCodex’s 3-month prediction chart. Source: CoinCodex
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 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2> 
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 <p class="paragraph">At the time of publication, Bitcoin was changing hands at $26,151, up 0.32% on the day.</p> 
 <p class="paragraph">The maiden crypto asset rose around 0.8% over the past 5 days while losing more than 10.8% on the monthly chart, erasing over $65 billion off its market cap.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh6.googleusercontent.com/BrRmBkWUGoH38BC1Le-f8l2uwtsfJXUqG-waOLePom9TRFBD7WgjMBQg42o36VgHBIgqNvN2gOms2Hibio9a316OwWSMrE5-Aa0lozm2BYQL_k5uE5P3znuwbJ8HXGMWOU70rhhkZj7rtEwLw1n-qZ8" alt>
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   BTC 1-month price chart. Source: Finbold
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 <p class="paragraph">During this 30-day period, BTC witnessed only 11 green days, or 37%. As a result of its bearish performance, the fear &amp; greed index is sitting at 41/100, indicating a ‘fear’ sentiment currently.</p> 
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  <img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/fBZzGjf6dTkx8Kt27jRnDyeFSSmVqHJkhuUIt50ndqkgzMAgfdCmghedJIY0N8hG0KZNJAQ-cvyFZqXrcImz8czYXvjA51KBy3hkxr526mKr1NtN3FnPW-TYG_QF7YRsxOvtRdx1mTNiVGYDv905x3A" alt width="834" height="326">
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   Bitcoin Fear &amp; Greed index. Source: CoinCodex
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 <h2 class="wp-block-heading" id="h-crypto-trader-warns-of-huge-btc-decline-to-23-000">Crypto trader warns of huge BTC decline to $23,000</h2> 
 <p class="paragraph">Meanwhile, a popular X (formerly Twitter) crypto trader and analyst, <em>CrypNuevo</em>, warned that Bitcoin may be bracing for a short squeeze rally to $27,000 in the coming days.&nbsp;</p> 
 <p class="paragraph">However, if his predictions come to fruition, the rally would mark only a short-term pump before a significant liquidation event that could push BTC <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s to as low as $23,000.&nbsp;</p> 
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-forecast-for-september-october-2023-tbt62643.html">https://thebittimes.com/bitcoin-price-forecast-for-september-october-2023-tbt62643.html</a></p>

Bitcoin price forecast for September-October 2023

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