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Monday, October 2, 2023

Bitcoin Price Above $28KπŸš€ Next Stop $35K?

Bitcoin Price Above $28KπŸš€ Next Stop $35K?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Bitcoin price jumps 3.82% on the 1st of October.
BTC crosses the $28K mark, signaling a trend reversal.
An uptrend above $30K could trigger a new bull run in the overall market.
Short-term resistance trendline breakout is pivotal for the bullish trend.
Breaks the streak of lower high formations.
Inverted head and shoulder breakout with a neckline around $27K.
Current BTC price is $28,069 with an intraday hike of 0.26%.
Upcoming Bitcoin spot ETF decisions by the SEC could fuel high price movements.
Daily RSI spikes closer to the overbought boundary.
MACD and signal lines cross into the positive side.
EMA alignment hints at a potential bullish reversal.
A reversal to $26,274 could lead to a plunge to $25,600 or $24,900.


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