Price Analysis View Non-AMP

BTC Price Prediction: $20K or $30K? What’s In Store For BTC Price This Month

Published by
Elena R

Bitcoin’s price has been holding above a crucial support level but has been trading sideways, waiting for a decisive move. The traditional markets have also witnessed important events, with some indicators hinting at potential market shifts.

Recently, Santiment observed that Bitcoin crossed the $28,000 mark, a level it hasn’t seen since August 17th. They also noted that many wallets holding 10,000 bitcoins had acquired $1.17 billion of Bitcoin since September 1st. If these wallets don’t start selling, Bitcoin could potentially reach $30,000 again.

Will Bitcoin Price Go Up?

Bitcoin is comfortably above a critical support level, which is a positive sign. Bitcoin might drop to around $26,400, a crucial level he closely monitors. Meanwhile, the Dollar Index remains strong, with a minor weekly pullback. 

Analyst by the name Satoshi Stacker, has examined traditional markets during election years. Remarkably, they are currently aligning closely with historical averages. As depicted in the chart, we find ourselves in a situation mirroring past election years. So far, this alignment appears favorable.

Another trader and famous analyst, Michaël van de Poppe, shared his positive outlook on the social media platform X this week.

He wrote, “Welcome to Uptober. Welcome to Q4, leading towards a great quarter, potentially fueled by ETF approvals and the pre-halving rally. Potentially bitcoin to $40,000 is reasonable.” 

A trader and analyst named Cryptobullet shared an analysis on social media, highlighting the possibility of Bitcoin returning to $20,000. He pointed out a pattern known as a “giant head and shoulders,” indicating a potential rise to $28,000 and a decline back to the $20,000 range.

Furthermore, there’s exciting news always brewing in the cryptocurrency market. FTX secured funding from Google, potentially valuing the company at billions of dollars. This development could have positive implications for FTX customers.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Top Altcoins to Consider Before Bitcoin Price Revives a Rise Back to $100K

Bitcoin price is closely correlated with many altcoins that closely follow the trend. These altcoins…

April 25, 2025

How a New Pi Coin Seller is Listing 3 Coins for $314,159 Each on OKX

Pi Coin (PI) is currently trading at $0.65, up slightly by more than 1% at…

April 25, 2025

PEPE Price Prediction 2025, 2026 – 2030: Can Pepe Memecoin Reach 1 Cent?

Story Highlights The live price of the PEPE meme coin is . Pepe coin price…

April 25, 2025

Bitcoin Whale Profits $4.7M from 50 BTC Mined 15 Years Ago

A Bitcoin whale just woke up, moving 50 BTC mined over 15 years ago, now…

April 25, 2025

Mercari’s Mercoin Exchange Rolls Out XRP Trading with Wallets Starting at 1 Yen

Mercoin, a Japanese crypto services provider and subsidiary of Mercari Inc., has recently expanded its…

April 25, 2025

Bitcoin Price Prediction for Today: Will the BTC Price Reclaim $94,000 Before the Day’s Close?

The crypto market displayed a blend of bullish momentum and sector-driven outperformance, signaling a potential…

April 25, 2025