Bitcoin

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Captain

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/bullish-momentum-for-bitcoin-price-blackrock-claims-whale-btc-holding/">Bullish Momentum for Bitcoin Price? BlackRock Claims Whale BTC Holding!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After experiencing a massive price plunge in the crypto industry during the last week, The market leader, Bitcoin price, has displayed a bullish move as the star crypto has gained 3.62% within the last day. BTC is currently hovering close to its crucial resistance level of $28,000 and is expected to surpass it soon.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-blackrock-s-ceo-claim-on-bitcoin">BlackRock’s CEO Claim On Bitcoin:</h2> 
<p>Larry Fink, the CEO of the largest money management firm in the world, with over $10 Trillion in assets under management, claims that Bitcoin is on the path to rephrase the financial landscape forever.</p> 
<blockquote class="wp-block-quote"> 
 <p>“Bitcoin is set to rephrase the financial landscape!”</p> <cite>– Larry Fink BlackRock’s CEO</cite>
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<p>Further, he states that the role of Bitcoin and crypto is to “digitalize gold” instead of investing in gold as a hedge against inflation.</p> 
<p>Larry believes in tokenizing assets and securities to reduce money laundering and build a more stable economy. BlackRock may already be the third-largest BTC holder, with a total holding of over 100,000 Bitcoins.</p> 
<h2 class="wp-block-heading" id="captain-faibik-s-prediction-on-bitcoin-price">Captain Faibik’s Prediction On Bitcoin Price:</h2> 
<p>Captain Faibik, a well-known crypto analyst with a substantial following of 66K+ on the X platform, predicts the BTC price is again attempting to break out of its resistance trendline of the symmetric pattern.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is once again Attempting a Breakout, and I have a feeling it might succeed this time.<br><br> If the Breakout is Successful, we could see a 15-20% Bullish Rally in the coming days. <br><br>However, if the Breakout fails, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> could test the 25.6k support once again. <a href="https://t.co/bouWZRiI1h">https://t.co/bouWZRiI1h</a> <a href="https://t.co/WJvsoZjMtX">pic.twitter.com/WJvsoZjMtX</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1713793271460397270?ref_src=twsrc%5Etfw">October 16, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Further, the analyst predicts the Bitcoin price will experience a jump of over 15–20% if it successfully manages to break out of the pattern soon. If the coin gains bullish momentum, BTC will test the $30,000 mark in the coming days.</p> 
<h2 class="wp-block-heading" id="will-the-btc-price-cross-28-000-mark-soon">Will The BTC Price Cross $28,000 Mark Soon?</h2> 
<p>In conclusion, the BTC price has displayed massive and much-needed bullish action over the weekend, which the market had assumed to be lost, further creating a possibility of the month of October, also known as Uptober to end with a bullish sentiment.&nbsp;</p> 
<p>At the time of publishing, Bitcoin was trading at $27,825 and is predicted to test its resistance level of $28,000 today, which could result in the either way. If the coin breaches the resistance level, the price will continue to gain value and test its resistance level of $28,600 soon.</p> 
<p>If the coin fails to break out of the resistance level, the analyst predicts the price could lose momentum and plunge toward its support zone at $25,600 again.</p>

Bullish Momentum for Bitcoin Price? BlackRock Claims Whale BTC Holding!

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