Cryptocurrency

Bitcoin

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 <p class="paragraph">As the geopolitical situation around the world tenses up, the markets respond, including the cryptocurrency sector, with its representative asset, Bitcoin (BTC), leading the bearish sentiment as it has lost nearly 3% this week, but hope for another rally remains.</p>
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 <p class="paragraph">Specifically, the realized <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> indicator for BTC warm supply has suggested that Bitcoin needed to <a rel="noopener noreferrer nofollow" title="secure" href="https://thebittimes.com/tag/secure.html">secure</a> a sustained close above $28,233 in order to “reignite” the bull run, according to the observations shared by cryptocurrency trading expert Ali Martinez in an X post on October 12.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/Pg1FdkJv8kxKS3E-pMUwca8qAGWli_L_m7-gELZ6pRhdurALdRwa5BDr48qvI0NDgyNf67liUb3XUbnFk7wI5mYnIlTOus0h_WdvSyMJlLM1uV1_7inQc_uzQ_9UqrZ6uXLFaQ-Ur9eZSTi3i-qyOKk" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin price action technical analysis. Source: </em><em>Ali Martinez/Glassnode</em>
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 <p class="paragraph">It is worth noting that realized <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> refers to the average <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> weighted by the supply of what the crypto market participants paid for their digital assets, whereas ‘warm supply’ refers to the less active component of short-term holder supply.</p>
 <p class="paragraph">In this case, the warm supply realized price of the maiden cryptocurrency stands at $28,233, suggesting that this is the price level above which the flagship decentralized finance (DeFi) asset needs to close for another shot at a bullish rally.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
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 <p class="paragraph">As things stand, the current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin is $26,800, which demonstrates a decline of 0.8% in the last 24 hours, as well as a drop of 3.13% across the previous seven days while gaining 4.07% over the past month, as the latest charts indicate.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh5.googleusercontent.com/9y7gTeDfdEC-F4QkEu3xTpnKAD8X0z0lTYtCBJHeG25h-yQla2MmV3Zhn-C1cbLCDPMp8XWPSwVVZYENrNJhXw-HvSGgkUThSltNTvkyHTna5Ioyn-M0jJF8VVWHJz5OIHP8UZkxDaEuMaMFEMdUEpI" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin 7-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">For now, it seems that Bitcoin has some strengthening to do before reaching the above <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a>, let alone preserving it, and would need to gain an additional 5.35% to its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> in order to overtake it. However, movements in this industry can often surprise an unsuspecting spectator.</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-bull-run-to-reignite-if-btc-secures-this-price-level-tbt66088.html">https://thebittimes.com/bitcoin-bull-run-to-reignite-if-btc-secures-this-price-level-tbt66088.html</a></p>

Bitcoin bull run ‘to reignite’ if BTC secures this price level

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