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  BTC price strength returns ahead of Wall Street trading, with $27,000 in Bitcoin bulls' crosshairs. 
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<div class="cointelegraph">
 <p>Bitcoin (BTC) broke higher into the Sep. 27 Wall Street open as one <a rel="dofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a> predicted a return to $30,000 in October.</p>
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  <img src="https://cdn.thebittimes.com/images/2023/09/27/d107e6630610609ca34be694b1229d4f.webp">
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   <em>BTC/USD 1-hour chart. Source: TradingView</em>
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 <h2 id="btc-price-reaches-for-27-000-in-fresh-uptick">BTC price reaches for $27,000 in fresh uptick</h2>
 <p>Data from Cointelegraph Markets Pro and TradingView followed BTC <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action as bulls gathered steam to reach $26,823 on Bitstamp.</p>
 <p>The 2% jump to near-weekly highs came as market commentators already eyed thin overhead resistance, with a breakout on the cards should it not be replenished.</p>
 <p>“Ask liquidity is pretty wide and thin here again so likely a move higher is going to come from perps,” popular trader Skew explained, continuing the topic.</p>
 <p>Skew added that “this can create some good opportunities with inefficiencies &amp; potential premiums later.”</p>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">$BTC Binance Spot / Binance Perp<br>Pretty clear predatory move in the making pic.twitter.com/qJI2WFvizx</p>— Skew Δ (@52kskew) September 27, 2023
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 <blockquote class="twitter-tweet">
  <p lang="und" dir="ltr">lol https://t.co/xlWnrxLmTD pic.twitter.com/kPPKlfLj0Z</p>— Skew Δ (@52kskew) September 27, 2023
 </blockquote> 
 <p>On-chain monitoring resource Material Indicators revealed an uptick in activity from one specific class of whales well known for its impact on BTC <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action (PA).</p>
 <p>Material Indicators further noted that the move above $26,500 had invalidated a warning signal which came on the back of a daily chart “death cross” at the start of the week.</p>
 <p>"Purple buys dips and sells rips. I'm happy to swim in their wake," co-founder Keith Alan confirmed.</p>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">#FireCharts integrates a CVD chart binned by order class which shows that historically, the Purple Class of Whales with order sizes in the $100k - $1M range have had the most influence over #Bitcoin PA. pic.twitter.com/gWPefQya05</p>— Material Indicators (@MI_Algos) September 27, 2023
 </blockquote> 
 <p>“There we go, Bitcoin is up and breaks above crucial areas,” <a rel="dofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a> Michaël van de Poppe told X subscribers in part of the day’s coverage.</p>
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  “I'd prefer to see $26,500 and, if we do, we're likely to see $30,000 in October.”
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  <img src="https://cdn.thebittimes.com/images/2023/09/27/f897b2d70d8755477ba68105999e00e5.webp">
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   <em>BTC/USD annotated chart. Source: Michaël van de Poppe/X</em>
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 <h2 id="crypto-traders-dodge-mass-liquidations">Crypto traders dodge mass liquidations</h2>
 <p>Data from monitoring resource CoinGlass meanwhile confirmed that short liquidations remained modest.</p>
 <p><strong><em>Related:&nbsp;Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC hodling</em></strong></p>
 <p>Around $13 million in BTC shorts had been liquidated for the day at the time of writing, with the cross-crypto tally at $39 million.</p>
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  <img src="https://cdn.thebittimes.com/images/2023/09/27/629c465b3d0c5a65848c745371e59d69.webp">
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   <em>Crypto liquidations chart (screenshot). Source: CoinGlass</em>
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 <p>BTC/USD traded at around $26,700 at the time of writing, as volatility remained present.</p>
 <p class="post-content__disclaimer">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. </p>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-to-30k-in-october-says-analyst-as-btc-price-climbs-2-tbt64186.html">https://thebittimes.com/bitcoin-price-to-30k-in-october-says-analyst-as-btc-price-climbs-2-tbt64186.html</a></p>

Bitcoin price to $30K in October, says analyst as BTC price climbs 2%

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