#BİTCOİN The $27,700 resistance is an important resistance and it is important to maintain this resistance. Even though it tested the $28,580 level, those who took short positions are currently providing liquidity in the market. They continued the rise by exploding the shorts. When these positions run out of strength, we see downward movements in the market. If #$BITCOIN$ starts to maintain this price level within this week, it will be a big $STEP$ for the upward trend. #crypto2023 #BTC #cryptonews #DeFiChallenge #CryptoTradingBots

#crypto2023 Recent report shows that large whales may have taken crucial role in pushing #bitcoin price over $28,000 level brieflySantiment on-chain data vendor has noticed several massive Bitcoin transactions conducted by whales right before the price of the flagship digital currency briefly managed to recover $28,000 – this price level has not been seen for the past six weeks.In the meantime, Bitcoin has again rolled below $28,000 as whales began moving staggering amounts of #BTC to major exchanges to sell.Here's what happened before Bitcoin jumped above $28,000Santiment noticed that just prior to Bitcoin's 5.48% jump to the $28,500 zone, whales withdrew a great deal of $BTC from exchanges and into self-custodian wallets. There were four transfers in total, and per Santiment's recent tweet, they ranged between $187 million and $346 million worth of Bitcoin.These transactions drained the Bitcoin supply held on exchanges from 5.99% to 5.73% since Sept. 1 – "a continued good sign," the Santiment analytics team noticed. This is the lowest level since December 2017 (which was followed by Bitcoin's surge to the $20,000 all-time high).📈 There were several price rebounds during #Bitcoin's visit above $28K to open October. And three #altcoins in particular (  $AAVE , $ADA, and  $CRV  ) had opportunists moving coins during the short profit window. They could have potential decouples coming. https://t.co/E14ek3ypwR pic.twitter.com/1CoVyxBwNI— Santiment (@santimentfeed) October 2, 2023Still, by now, the world's leading cryptocurrency has rolled back below $28,000 after losing 3.32% today.Bitcoin reverses as whales move BTC to top exchangesMajor crypto tracker Whale Alert noticed several Bitcoin transfers that moved several massive BTC chunks to leading #cryptocurrency exchanges – Kraken, Coinbase and #Binance .Wallets marked by the aforementioned tracker as "unknown" have moved 9,895 BTC (worth $275,564,475 USD) to Kraken, 2,891 BTC (evaluated at $80,527,639 USD) to Coinbase and 799 BTC (worth $22,662,739 USD) to Binance.🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 9,895  #BTC  (275,564,475 USD) transferred from unknown wallet to #Krakenhttps://t.co/oNN4qKNXsg— Whale Alert (@whale_alert) October 2, 2023This coincided with Bitcoin's drop back under the $28,000 price line as large BTC investors (known as whales in the crypto community) started locking in their profits.As of this writing, Bitcoin is changing hands at $27,551 on the Bitstamp exchange.

Bitcoin price reaches 28.5 thousand dollars, Bitcoin smells of disbelief: 🍀 Bitcoin holds on to immediate gains in October, but Bitcoin price analysis shows reasons to remain bullish going forward. The long-awaited trial of Sam Benkman-Fried, the former CEO of FTX, will begin on October 4. ☘️ Ethereum futures ETFs met with a mild reception on the first day of trading: On the first day, the volume of transactions in all 9 products was less than 2 million dollars. ☘️ The Federal Reserve inspector considers the focus on crypto and nepotism to be the cause of the downfall of Silvergate Bank. #DeFiChallenge $BTC $ETH $BNB

According to a pseudonymous crypto expert, there exist five justifications for adopting a positive stance towards the upcoming quarter and the overall year. This assertion was made on Twitter on Sunday. Initially, the individual referenced the observation that October often exhibits robust performance for Bitcoin. #bitcoin has not experienced a decline in the month of October since the year 2018.An analyst has identified five factors that might potentially drive the price of Bitcoin (BTC) to reach $40,000 in October. Additionally, the Bitcoin Minetrix has reached a value of $350,000. The historical track record of favourable price performance during the month of October possesses the potential to stimulate more market participation from buyers, so engendering a self-fulfilling prophesy. Several factors contribute to the current market conditions. Firstly, there is an expectation of the US Federal Reserve initiating a cycle of interest rate cuts. Additionally, the presence of an election year often results in a favourable environment for equities. Moreover, the Securities and Exchange Commission's impending judgements on spot Bitcoin ETF applications, together with the imminent Bitcoin halving, are also influencing market dynamics. As the proximity to 2024 increases, an escalation in optimistic forecasts is anticipated, leading to substantial purchasing demand towards the conclusion of the year. The individual contended that as speculations increase, so do expectations, and hence, markets are influenced by these expectations. Considering the aforementioned factors, it is plausible to anticipate Bitcoin (BTC) attaining new annual peaks and progressing towards the $40,000 mark in the current month. This would indicate a significant increase of 44% from the present value, which is little around $28,000.