Bitcoin

Rekt

<ul>
 <li><strong>The price of bitcoin is having trouble breaking over the $27,800 range.</strong></li>
 <li><strong>Bitcoin has historically fared well in the month of October during the last decade.</strong></li>
</ul>
<p>According to market researcher Rekt Capital, there is one more significant downturn on the cards before the next halving occurs, since <a href="https://thenewscrypto.com/crypto-news-uptober-a-promising-month-for-bitcoin-btc/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> price behavior in 2015 and 2019 both indicated substantial falls at this time.</p>
<p>In a follow-up post, the analyst said that he intends to dollar-cost-average into Bitcoin for the duration of the Pre-Halving time frame, anticipating a parabolic upward move immediately after the halving.</p>
<p>Bitcoin has historically fared well in the month of October during the last decade. Bitcoin’s value rocketed by 39.93% in 2021, after a significant gain of 27.7% in 2020. Looking back even farther to October of 2017, we see a positive spike of 47.81% at month’s end.</p>
<h3 class="wp-block-heading" id="h-bulls-striving-hard">Bulls Striving Hard</h3>
<p>At the time of writing, BTC is trading at $27,630, up 0.17% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 10.88%. Despite the recent pullback, the price is up 2.03% in the last 7 days and 7.46% in the last 30 days.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="660" height="356" src="https://thenewscrypto.com/wp-content/uploads/2023/10/BTC_1D_graph_coinmarketcap-1.png" alt="" class="wp-image-83438" srcset="https://thenewscrypto.com/wp-content/uploads/2023/10/BTC_1D_graph_coinmarketcap-1.png 660w, https://thenewscrypto.com/wp-content/uploads/2023/10/BTC_1D_graph_coinmarketcap-1-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/10/BTC_1D_graph_coinmarketcap-1-150x81.png 150w" sizes="(max-width: 660px) 100vw, 660px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>The price of bitcoin is having trouble breaking over the $27,800 range. After a downward correction, bitcoin price tried a new rise from the $27,200 support area. Bitcoin (<a href="https://thenewscrypto.com/bitcoin-btc-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) has climbed back over the $27,500 resistance level at the time of writing.</p>
<p>If the price manages to go past $27,800 level then it will likely test $28,500 resistance level. If bulls could drive the price above this level then it will likely test the $30,490 area. On the other hand, if price breaks below $27,280 level, then it will likely decline and test $26,070 support level.</p>

Bitcoin Shows Positive Outlook as Bulls Refuse To Give Up

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