The post Bitcoin (BTC) Price to Surge Above $30K in October – Predicts Crypto Analyst appeared first on Coinpedia Fintech News
Bitcoin’s price in 2023 has been marked by volatility and uncertainty. While recent setbacks have raised concerns, technical analysis, and market factors indicate the potential for a bullish trend. Popular analyst Michael Van De Poppe has shed light on Bitcoin’s recent trend and has also opened up about the potential levels.
Bitcoin started 2023 on a positive note, gaining an impressive 83% to reach a high of $31,035. However, it faced a setback in mid-August, witnessing a 7.2% drop in less than 24 hours, from $29,000 to $26,000.
Several factors are influencing Bitcoin’s price movements in 2023. The European Central Bank’s decision to raise the interest rate has contributed to the strengthening of the US dollar. Additionally, inflation data and labor market strength in the United States have impacted market sentiment.
Poppe said, “You can see that
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