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If the price successfully crosses the level of $28730, it is possible to test the recent high of $29400. According to CoinMarketCap data, the trading price of BTC is $28392, which has decreased by 0

Bitcoin prices are slowly falling below the level of $28500. Before the bulls take a stance, BTC may fall towards the $28000 level or the 100 hour moving average

The price of Dogecoin (Doge) has been decreasing since July 25th. On October 9th, it fell below the horizontal support zone

According to the latest post from IntoTheBlock, ETH has reached a new milestone - ETH has a balance of over 100 million addresses. Although the accumulation of whales is indeed beneficial for substitutes, the demand in the retail sector remains bleak

Yesterday, the overall trend of the pancake white market revolved around a narrow fluctuation trend, with prices fluctuating back and forth in the range of 28600-28300. It reached a high of 29100 during the strong insertion of the needle in the afternoon, but failed to stabilize at the high level and quickly made a correction action

The historic price fractal, strong technical aspects, and excitement of Bitcoin ETF approval may keep BTC prices high for the rest of 2023.Driven by the banking crisis, Bitcoin has grown by over 70% so far in 2023 and hopes to obtain approval for spot BTC exchange traded funds (ETFs) in the United States

In terms of demand, bullish expectations surrounding Bitcoin may trigger favorable reactions. Many traders may wish to purchase some Bitcoin at a discounted price before increasing demand and raising the reserve price

The continuous decline in Bitcoin trading balance indicates that investors' confidence in the market is constantly increasingAfter a week of turmoil in the cryptocurrency market, Bitcoin (BTC) showed significant resilience on Wednesday, maintaining stability around the $28300 mark. However, behind this stability lies a whirlwind of activity, especially the massive outflow of Bitcoin from exchange wallets

If the SEC approves BTC spot ETFs, the market value of Bitcoin may soar to $950 billion, potentially injecting $155 billion into the market.This approval may result in a price increase of $50000 to $73000 for Bitcoin, surpassing Grayscale's $5

Bitcoin shows bullish signs, but the short-term supply and demand situation raises concerns that a slight drop below $28000 may provide revenue opportunities. However, traders should wait for a retest of key levels on Monday (October 16)

Bitcoin, the undisputed king of the cryptocurrency market, is once again at a turning point. As Pioneer's digital assets rapidly approach the level of $29000, traders and investors are closely monitoring key price levels and market indicators to determine the possible next steps

Based on existing evidence, Bitcoin maintains a bullish trend on the daily chart, but the upward path may not be linear and may take some time to achieve.Bitcoin has a bullish trend, but insufficient demand in the short term is a worrying issue