Although Bitcoin (BTC), along with the rest of the cryptocurrency market, has opened the week on a very positive note, the gains are starting to slow down, and the battle between bulls and bears intensifies, focused specifically on one key price territory.
As it happens, the flagship decentralized finance (DeFi) asset needs to preserve its bull market support level at $24,900. Otherwise, “it’s goodnight to the bull,” as observed by pseudonymous cryptocurrency expert CoinsKid on a 4-hour Bitcoin chart shared in an X post on October 3.
Bitcoin price action analysis and prediction. Source: CoinsKid
According to the expert’s observations, should the maiden cryptocurrency indeed succeed in holding this key support level, its next move could take it towards and beyond the psychologically significant $30,000 level.
Bitcoin price analysis
Meanwhile, Bitcoin was at press time changing hands at the price of $27,593, which represents a decline of 2.7% in the last 24 hours while still reco
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