Bitcoin

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/btc-price-analysis-bitcoin-starts-uptober-with-a-boom/">BTC Price Analysis: Bitcoin Starts Uptober With A Boom!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the start of October, the Bitcoin price trend enters the bullish highway, putting the altcoin market into a fresh recovery phase. The BTC price jumps by 3.82%, forming a large candle and acting as the bullish sigil of a new uptrend. 
Fueling the October uptrend in Bitcoin, the short-term resistance trendline breakout remains a pivotal point. And the recent comeback puts the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price prediction </a>on the bullish side.&nbsp; 
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Breaking the streak of lower high formations, the BTC price trend overcomes the supply pressure at the trendline. Following the retest with a red Doji candle, the Bitcoin price shoots up with the start of the new month.&nbsp; 
Furthermore, the recent price jump gives the inverted head and shoulder breakout. With the neckline around the $27K barrier, the cryptocurrency is heading on a positive path with the breakout rally. 
Currently, the BTC price trades at $28,069 with an intraday hike of 0.26%, reflecting the buyers planning to continue the trajectory. With the bullish sentiments on the rise, the Bitcoin price trend will continue and help the overall market recover.&nbsp; 
Moreover, with the Bitcoin spot ETF decisions by the SEC approaching closer, the sentiments are extremely high. Therefore, high price movements in Bitcoin are possible in the coming weeks. 
Technical indicators: 
Relative Strength Index: With the sudden BTC price jump, the daily RSI line spikes closer to the overbought boundary. It signals a solid underlying bullishness ready for a big move.&nbsp; 
MACD: The MACD and signal lines cross into the positive side, with the rising histograms reflecting a strong, bullish side.&nbsp; 
EMA: The price jump lowers the possibility of the death cross gaining a bearish gap and hints at a potential reversal to regain positive alignment.&nbsp; 
<h2 class="wp-block-heading" id="h-where-is-the-bitcoin-btc-price-heading">Where is the Bitcoin (BTC) Price Heading?</h2> 
With the market sentiments improving and the momentum rising in October, BTC price may soon cross the $30K mark. Rising significantly above the EMAs and teasing a trendline reversal, entering Bitcoin below $30K can be a good idea for many. Even better, if the SEC approves the Bitcoin ETF, the price could skyrocket to $35,000. 
On the bottom side, a reversal to $26,274 can plunge Bitcoin to $25,600 or $24,900 in a worst-case situation.&nbsp;

BTC Price Analysis: Bitcoin Starts Uptober With A Boom!

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