Bitcoin

At the start of the week, the rise in the Asian trading session made a big impact. With sudden surges in the session, <a href="https://en.coin-turk.com/experienced-crypto-analyst-warns-of-panic-selling-as-bitcoin-reaches-critical-point/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> reached its highest level in three months on October 23rd, making investors happy. So what scenarios are analysts discussing for Bitcoin as we enter the final days of Uptober?
<h2 class="p1" style="text-align: justify" id="bitcoin-is-steadily-approaching-the-summit">Bitcoin is Steadily Approaching the Summit</h2>
According to data from TradingView, the price of Bitcoin made a significant effort to reach $30,944. For the first time in three months, Bitcoin saw its weekly close above $30,000, getting even closer to the most important resistance level that analysts are focused on. The most crucial level among these is the highest level of 2023, which is $31,800.
<img decoding="async" class="aligncenter wp-image-269333 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/btcusd-grafik-yorumu.jpg" alt="" width="2452" height="1171">
Popular investor Jelle reminded in a post shared on October 23rd that Bitcoin has returned to a key resistance for the third time in six months, and continued as follows:
<blockquote>
 “It’s time to be cautious, but I don’t think you would want to show a bearish trend just because we are reaching the resistance level. The level will eventually give in, and the movement will be explosive. Tick… Tock…”
</blockquote>
Another analyst, Matthew Hyland, claimed that Bitcoin is already ready for another rally period, as the market resembles the period just before the highest level of the year.
<img decoding="async" class="aligncenter wp-image-269334 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/matthew-tweet.png" alt="" width="1086" height="1422">
Following the market movement, another investor Skew stated that the consolidations on the chart continue and made the following comment, referring to high-timeframe levels in an X post:
<blockquote>
 “The price is testing an important high-timeframe resistance area again, but if the Bitcoin price retraces, it will look for continuation signals around $29,500 to $28,700.”
</blockquote>
<h2 class="p1" style="text-align: justify" id="altcoins-are-printing-money">Altcoins are Printing Money</h2>
<a href="https://en.coin-turk.com/chinas-national-blockchain-research-center-is-in-operation-target-to-train-at-least-500000-blockchain-experts/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Blockchain</a> research firm Santiment has started following a new cryptocurrency market scenario that accompanies Bitcoin’s recent gains. The company’s analysts pointed out that altcoins are gradually rising, and this started happening before Bitcoin even surpassed the $30,000 level.
At the time of writing, as Bitcoin continues to test the $31,000 resistance just minutes before Wall Street opens, popular analyst Jelle shared the following comment in an X post:
<blockquote>
 “<a href="https://en.coin-turk.com/will-stellar-lumens-xlm-continue-the-downtrend-analyzing-technical-indicators/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin</a> positions continue to print money, and many people are not ready for what is to come in the coming months.”
</blockquote>
<img decoding="async" class="aligncenter wp-image-269332 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/santiment-tweet.png" alt="" width="1019" height="1275"> Continue Reading: <a href="https://en.coin-turk.com/bitcoin-continues-to-climb-towards-the-summit/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-continues-to-climb-towards-the-summit/</a>

Bitcoin Continues to Climb Towards the Summit

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