Cryptocurrency

Bitcoin

Bull Market

<![CDATA[<figure class="image"><img src="https://cimg.co/news/125616/331739/26-1.jpg" srcset="https://cimg.co/news/125616/331739/responsive-images/26-1___media_library_original_1280_720.jpg 1280w, https://cimg.co/news/125616/331739/responsive-images/26-1___media_library_original_1200_675.jpg 1200w, https://cimg.co/news/125616/331739/responsive-images/26-1___media_library_original_900_506.jpg 900w, https://cimg.co/news/125616/331739/responsive-images/26-1___media_library_original_720_405.jpg 720w, https://cimg.co/news/125616/331739/responsive-images/26-1___media_library_original_600_338.jpg 600w, https://cimg.co/news/125616/331739/responsive-images/26-1___media_library_original_300_169.jpg 300w" width="1280" class="content-img" alt=""></figure><p>The flagship cryptocurrency, <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin</a>, has sparked renewed interest among investors and enthusiasts as its price increases.&nbsp;</p><p>With today's live Bitcoin price standing at $26,203 and a 24-hour trading volume reaching a staggering $10 billion, the digital asset has seen a near 0.50% surge in the past day.&nbsp;</p><p>As it continues to dominate the CoinMarketCap rankings at #1, its current market capitalization hovers around $510 billion.&nbsp;</p><p>Given that there are 19,496,412 BTC coins in circulation out of a maximum supply of 21,000,000 BTC coins, the pressing question emerges: Is the bull market making a comeback?</p><h2 id="strong-consumer-confidence-index-falters-in-september-strong"><strong>Consumer Confidence Index Falters in September</strong></h2><p>In September, the Conference Board's Consumer Confidence Index witnessed another decline, settling at 103.0 (baseline: 1985=100), a drop from the revised 108.7 in August.&nbsp;</p><p>The Present Situation Index, which gauges consumers' perceptions of the prevailing business and labour market scenarios, registered a marginal ascent of 147.1 (baseline: 1985=100) from its previous value of 146.7.&nbsp;</p><figure class="media"><oembed url="https://twitter.com/Investingcom/status/1706672249879634121"></oembed></figure><p>Conversely, the Expectations Index, reflecting consumers' near-term prospects for income, business, and labor conditions, receded to 73.7 (baseline: 1985=100) in September, descending from 83.3 in the prior month. Notably, this retreat brought the Expectations Index below the critical</p><p>&nbsp;80 mark&mdash;traditionally indicative of a looming recession within the forthcoming year.</p><h2 id="strong-bitcoin-price-prediction-strong"><strong>Bitcoin Price Prediction&nbsp;</strong></h2><p><a href="https://cryptonews.com/news/bitcoin-price-prediction-feds-stance-etf-approval-yuans-impact-btc.htm">Bitcoin</a>, in its current trajectory, is demonstrating lateral movement, having descended below the pivotal support threshold of $26,500.&nbsp;</p><p>The prevailing conditions suggest a potential decline, possibly breaching the notable $26,000 mark in the ensuing period.</p><p>Despite several endeavors, the premier cryptocurrency has been unsuccessful in surpassing the $27,500 resistance, leading to a marked retraction.&nbsp;</p><p>This downturn has ushered Bitcoin beneath crucial support zones of $27,000 and $26,500, thereby signaling a bearish disposition.<br>&nbsp;</p><figure class="image"><img src="https://cimg.co/news/125616/331736/btc.jpg" srcset="https://cimg.co/news/125616/331736/responsive-images/btc___media_library_original_1761_959.jpg 1761w, https://cimg.co/news/125616/331736/responsive-images/btc___media_library_original_1200_653.jpg 1200w, https://cimg.co/news/125616/331736/responsive-images/btc___media_library_original_900_490.jpg 900w, https://cimg.co/news/125616/331736/responsive-images/btc___media_library_original_720_392.jpg 720w, https://cimg.co/news/125616/331736/responsive-images/btc___media_library_original_600_327.jpg 600w, https://cimg.co/news/125616/331736/responsive-images/btc___media_library_original_300_163.jpg 300w" width="1761" class="content-img" alt=""><figcaption>Bitcoin Price Chart - Source: Tradingview</figcaption></figure><p><br>Further to this, BTC momentarily descended below the $26,200 foundational level, nearing the $26,000 juncture. It has, however, marked a recent low of around $26,026, transitioning into a stage of loss mitigation.&nbsp;</p><p>Currently, BTC marginally surpasses the 23.6% Fibonacci retracement tier, facing imminent resistance at $26,350 and $26,500.</p><p>Should BTC overcome the $26,700 barrier, there exists a potential trajectory towards $27,000 and, subsequently, $27,500. Conversely, a failure to do so might steer BTC towards lower landmarks of $25,400 or potentially $25,000.</p><h2 id="strong-top-15-cryptocurrencies-to-watch-in-2023-strong"><strong>Top 15 Cryptocurrencies to Watch in 2023</strong></h2><p>Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023.&nbsp;</p><p>Our list has been curated by professionals from Industry Talk and <i>Cryptonews</i>, ensuring expert advice and critical insights for your cryptocurrency investments.&nbsp;</p><p>Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.</p><div class="raw-html-embed"><div style="background: #920047;margin-bottom: 20px;width: 50%;text-align: center;padding: 8px;border-radius: 5px;background-image: linear-gradient(107deg,#930046,#59008a);color: white;padding-left: 1em;padding-right: 1em; font-size: 16px;"><a style="text-decoration:none;color:white" href="https://cryptonews.com/news/new-cryptocurrency.htm" target="_blank" rel="nofollow noindex">See the 15 Cryptocurrencies</a></div></div><h2 id="strong-find-the-best-price-to-buy-sell-cryptocurrency-strong"><strong>Find The Best Price to Buy/Sell Cryptocurrency</strong></h2><figure class="image"><img src="https://cimg.co/news/125616/331737/screenshot-14.jpg" srcset="https://cimg.co/news/125616/331737/responsive-images/screenshot-14___media_library_original_1544_579.jpg 1544w, https://cimg.co/news/125616/331737/responsive-images/screenshot-14___media_library_original_1200_450.jpg 1200w, https://cimg.co/news/125616/331737/responsive-images/screenshot-14___media_library_original_900_338.jpg 900w, https://cimg.co/news/125616/331737/responsive-images/screenshot-14___media_library_original_720_270.jpg 720w, https://cimg.co/news/125616/331737/responsive-images/screenshot-14___media_library_original_600_225.jpg 600w, https://cimg.co/news/125616/331737/responsive-images/screenshot-14___media_library_original_300_113.jpg 300w" width="1544" class="content-img" alt=""></figure><p><i><sup>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.</sup></i></p>
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Bitcoin Price Prediction: BTC Up 0.6% – Is the Bull Market Back?

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