Cryptocurrency

Solana

Bitcoin

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 <p class="paragraph">Although Bitcoin (BTC), along with the rest of the cryptocurrency market, has opened the week on a very positive note, the gains are starting to slow down, and the battle between bulls and bears intensifies, focused specifically on one key price territory.</p> 
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 <p class="paragraph">As it happens, the flagship decentralized finance (DeFi) asset needs to preserve its bull market support <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a> at $24,900. Otherwise, “it’s <a rel="noopener noreferrer nofollow" title="goodnight" href="https://thebittimes.com/tag/goodnight.html">goodnight</a> to the bull,” as observed by pseudonymous cryptocurrency expert <em>CoinsKid </em>on a 4-hour Bitcoin chart shared in an X post on October 3.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/KpxPJOlVScBuEZ0kqKj6o1_ZY-zcce4FTT72MOkk67uYEayQc4uegdGL_vJM-kWYCYeU0bQB7dJNRpOJtfjPFWeOw6QqR4geyOVvZ0BwGFwwrJJw6KJGDn3lLNWeNLTxQi5lvWpbD9SSRhXJ_kvRlk0" alt> 
  <figcaption class="wp-element-caption"> <em>Bitcoin price action analysis and prediction. Source: </em><em>CoinsKid</em> 
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 <p class="paragraph">According to the expert’s observations, should the maiden cryptocurrency indeed succeed in holding this key support <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a>, its next move could take it towards and beyond the psychologically significant $30,000 <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a>.</p> 
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2> 
 <p class="paragraph">Meanwhile, Bitcoin was at press time changing hands at the price of $27,593, which represents a decline of 2.7% in the last 24 hours while still recording increases of 5.02% across the previous seven days and a 6.34% gain on its monthly chart, as per the most recent data.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/10/03/d3d713ce77bbc00b4d4f35758fa343e0.webp" alt class="wp-image-130958" srcset="https://cdn.thebittimes.com/images/2023/10/03/d3d713ce77bbc00b4d4f35758fa343e0.webp 1024w, https://cdn.thebittimes.com/images/2023/10/03/d3d713ce77bbc00b4d4f35758fa343e0.webp 300w, https://cdn.thebittimes.com/images/2023/10/03/d3d713ce77bbc00b4d4f35758fa343e0.webp 768w, https://cdn.thebittimes.com/images/2023/10/03/d3d713ce77bbc00b4d4f35758fa343e0.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption"> <em>Bitcoin 7-day price chart. Source: </em><em>Finbold</em> 
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 <p class="paragraph">Meanwhile, another pseudonymous crypto trading analyst, <em>Cryptoinsightuk</em>, noted that the chart patterns of Bitcoin’s weekly relative strength index (RSI) indicated the possibility of a 1,100% move “in the right circumstance with a supply squeeze” and the introduction of a spot Bitcoin exchange-traded fund (ETF).</p> 
 <p class="paragraph">That said, popular crypto expert Michaël van de Poppe is not as bullish although still highly optimistic, predicting a return of enthusiasm among investors in the fourth quarter of 2023, primarily due to the potential spot BTC ETF approval and the traditional pre-halving price surge, looking at a possible $40,000, as Finbold reported on October 2.</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="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-must-stay-above-this-level-or-it-s-goodnight-to-the-bull-tbt64904.html">https://thebittimes.com/bitcoin-must-stay-above-this-level-or-it-s-goodnight-to-the-bull-tbt64904.html</a></p>

Bitcoin must stay above this level or ‘it’s goodnight to the bull’

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