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<p>The post <a rel="nofollow" href="https://coinpedia.org/bitcoin/btc-price-analysis-will-bitcoin-price-visit-yearly-highs-in-october/">Bitcoin Bullish in October, Analyst Predicts Revisit of Yearly High</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin (BTC) opened the first week of October with a bullish outlook, surpassing its $28,000 resistance level. This upward movement comes in line with statistical predictions, which have been bullish on Bitcoin in the short term.</p> 
<p>Over the past 24 hours, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> has surged by approximately 4.6 percent, bringing it to around $28,368 during the early London session on Monday. This upward movement has also impacted the broader cryptocurrency market, with <a href="https://coinpedia.org/price-analysis/ethereum-price-prediction-will-eth-price-drop-to-2022-lows/">Ethereum (ETH)</a> and <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana (SOL</a>) seeing gains of approximately 3.4 percent and 14 percent in the past 24 hours.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis"><strong>Bitcoin Price</strong> Analysis</h2> 
<p>Renowned digital asset analyst Mikybull Crypto, who has been closely monitoring Bitcoin’s trade setup for months, anticipates that Bitcoin’s price will revisit this year’s high in the coming weeks. Bullish sentiment is further supported by Bitcoin’s recent breakout of a micro-falling trend that began in early July.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> CME GAP Warning! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/74b9QopbIW">pic.twitter.com/74b9QopbIW</a></p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1708754943463845915?ref_src=twsrc%5Etfw">October 2, 2023</a>
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<p>Read More: <a 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></p> 
<p><strong>What history tell us</strong></p> 
<p>If historical patterns hold, Bitcoin’s price will likely surpass the $30,000 mark amid a fresh bullish outlook. Notably, Bitcoin is gradually distancing itself from the support level of around $25,000 it has held for the past few months. A critical support level is expected to come into play in the event of a sudden market correction.</p> 
<h2 class="wp-block-heading" id="stay-cautious-folks">Stay Cautious, Folks!</h2> 
<p>Despite the optimism, it’s worth noting that Bitcoin’s price opened the week with a noticeable gap on the Chicago Mercantile Exchange (CME) on Monday. Such gaps typically get filled over time, as markets tend not to forget. Traders and investors are advised to remain cautious in this dynamic environment.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/brian-armstrongs-2024-bitcoin-price-prediction-get-ready-for-the-next-crypto-bull-run/">Brian Armstrong’s 2024 Bitcoin Price Prediction: Get Ready for the Next Crypto Bull Run</a></p>

Bitcoin Bullish in October, Analyst Predicts Revisit of Yearly High

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