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<p>With Bitcoin’s price showing bullish momentum in recent days, gaining over 14% to reach near $35,000, top experts are analyzing on-chain data and technical indicators to decipher where the cryptocurrency may be headed next. Although unable to break above the resistance at $35,000, the bullish signs are adding up.</p>
<h2 class="wp-block-heading" id="santiment-sees-bullish-on-chain-activity">Santiment Sees Bullish On-Chain Activity</h2>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="659" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-1024x659.png" alt="" class="wp-image-364558" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-1024x659.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-300x193.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-768x494.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-1536x988.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-2048x1318.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-233x150.png 233w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-544x350.png 544w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680-788x506.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-680.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>According to crypto analytics firm Santiment, on-chain data is<a href="https://twitter.com/santimentfeed/status/1717584903439884382?t=HLDhyM808qekAVTJsIMVtg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> flashing</a> bullish signals. <em>“If you’re concerned about a crypto retrace, note that Bitcoin still maintains a high pace of active addresses. Additionally, the top market cap asset is seeing a high level of dormant tokens now moving, typically synonymous with bullish conditions,”</em> Santiment stated on social media. The increased on-chain activity points to building momentum.</p>
<h2 class="wp-block-heading" id="cryptocon-technicals-show-path-to-45-000">CryptoCon: Technicals Show Path to $45,000</h2>
<p>Analyzing Bitcoin’s technical charts, popular analyst CryptoCon<a href="https://twitter.com/CryptoCon_/status/1717559170637955380?t=t3YFbI-jUcw_n8KczMIZfg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> sees</a> a bullish setup forming. “<em>Bitcoin smashed through the blue resistance on the volume profile, which makes the next largest block at 39.6k a magnet,”</em> he explained. CryptoCon believes Bitcoin could reach $45,000 by next month based on historical trends around Bitcoin’s halving cycles.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="539" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-1024x539.png" alt="" class="wp-image-364550" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-1024x539.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-300x158.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-767x404.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-1536x809.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-2048x1079.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-285x150.png 285w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-665x350.png 665w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679-788x415.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-679.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>He summarized, “Things are looking good for the next few months!” as Bitcoin holds within an ascending price channel.</p>
<h2 class="wp-block-heading" id="crypto-rover-weekly-macd-crossing-bullish">Crypto Rover: Weekly MACD Crossing Bullish</h2>
<p>Adding further evidence to the bull case, analyst Crypto Rover <a href="https://twitter.com/rovercrc/status/1717622372893696277?t=N15QBEaeudidok48sKd41A&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">points out</a> the weekly MACD (moving average convergence divergence) indicator for Bitcoin has crossed bullishly. MACD crossing over into positive territory on long timeframes is considered a strong buy signal by traders.</p>
<p>With on-chain activity ramping up, bullish technical setups, and historically favorable seasonal trends, the expert consensus seems to point toward continued upside for Bitcoin after its recent double-digit gains. However, breaking key resistance levels will be critical for confirmed bullish continuation.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/top-btc-experts-agree-on-bitcoins-next-direction-as-35k-support-holds/">Top BTC Experts Agree on Bitcoin’s Next Price Direction as $35K Resistance Holds</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Top BTC Experts Agree on Bitcoin’s Next Price Direction as $35K Resistance Holds

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