$SOL
Solana (SOL) Price Analysis
Solana (SOL) made a relatively strong recovery during the ongoing session. However, buyers are still struggling to push above the resistance at $160, with the altcoin witnessing strong selling activity on rallies. SOL has been relatively bullish since rebounding from a low of $127 on September 18, pushing above key resistance levels and moving averages. It broke above the 200-day SMA on Thursday, rising by 5.14% to $155. SOL continued to push higher on Friday, reaching an intra-day high of $161. However, buyers could not maintain momentum above $160, and SOL fell back to $157, registering an increase of 1.37%
The weekend saw a marginal drop on Saturday as buyers and sellers attempted to establish control, pushing SOL to $156. However, buyers returned to the market on Sunday, as SOL registered an increase of 1.10% and settled at $158, still unable to push above $160. The current week began with sellers back in control as SOL fell by almost 4% to slip back below the 200-day SMA and settled at $152. The current session sees SOL back in positive territory, with the price up by 2.69%, back above the 200-day SMA and trading at $156.
As we can see in the price chart, SOL faces a significant level of resistance at $160, something it has been unable to push past. If buyers can push SOL above this level, we can expect a rally to $170 or $180. On the other hand, sellers will look to push SOL back below $150. A drop below this level could see SOL drop to $140, a level that will attract buyers. Should this level be breached, SOL could fall as low as $120
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #TCPredictedNewATH #moonbix

Ethereum (ETH) Price Analysis

$ETH
Ethereum (ETH) has registered a recovery during the current session after registering a substantial decline over the weekend. ETH lost momentum over the weekend after failing to push above $2,700 due to strong selling pressure, indicating that sellers were actively defending the level. ETH mainly remained positive last week despite a substantial decline on Wednesday when sellers dragged the price to $2,580. However, it recovered the following session, rising by just over 2% to reclaim $2,600 and settle at $2,633. By Friday, it had risen to $2,639 after an increase of 2.39% as bulls continued to build momentum.
However, ETH fell back into the red over the weekend as sellers overwhelmed buyers at upper levels. As a result, ETH dropped by 0.73% on Saturday and 0.67% on Sunday to end the weekend at $2,659. Selling pressure intensified on Monday as ETH dropped by 2.03% to settle at $2,603 after recovering from a day low of $2,576. The current session sees ETH back in the green, with the price up by almost 2%, trading at $2,648. Bulls will set their sights on two key levels, $2,700 and $2,850. Both levels will see a hotly contested battle between buyers and sellers.
Both levels are expected to be vigorously defended by sellers. Should ETH push above $2,700, it could rally to $2,850, a critical level. If this level is breached, ETH could move to $3,000, indicating a definitive reversal of the bearish trend. On the other hand, if ETH is rejected from $2,700, we could see a decline to $2,500
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #TCPredictedNewATH #BTCReboundsAfterFOMC

The crypto world is buzzing with excitement as the highly anticipated $CATS token gets ready for launch. With early investors keeping their eyes on the prize, this might be your next big opportunity. The launch date isn't set in stone yet, but it’s rumored to be just around the corner, and the potential for early profits is sky-high.
What Could the Price Be?
Everyone wants to know—what will $CATS be worth? Industry insiders predict the initial price to land somewhere between $0.004 and $0.015. With so much interest from the crypto community, it wouldn't be a surprise if it opens closer to the top of that range. For those eyeing early investments, this could mean huge gains if the price takes off post-launch.
Why All the Excitement?
Unlike other meme tokens, $CATS has some serious potential. It’s not just about fun and memes; it comes with innovative features that reward loyal holders. With community-driven momentum and actual use cases in development, $CATS is more than a flash in the pan. It’s aiming for longevity in the market, making it a smart play for both short-term profits and long-term gains.
Don’t Miss the Chance to Profit
If you’ve been waiting for the perfect opportunity, $CATS could be it. The window to get in early will be small, and prices could surge quickly after launch. Keep an eye on the official announcements and be ready to act fast when the token goes live. This could be your ticket to making some serious gains in the crypto space.
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #TCPredictedNewATH #moonbix

Owning 100,000,000 $1MBABYDOGE Coins right now is worth about $0.24, with the current price at approximately $0.00000000235 per coin.

Based on this, having this amount of BabyDoge won’t make you a millionaire anytime soon.
To reach a million dollars, Baby$DOGS price would need to rise significantly. For example, if it ever hit $0.01, your 100 million coins would be worth $1 million. That would require an increase of over 4,250 times the current value, which is a huge and highly speculative jump.

Cryptocurrency markets can be very unpredictable, with prices sometimes soaring unexpectedly. However, it's important to be cautious when investing. For more insights and regular updates on Baby$DOGE
and other coins, platforms like TradingView offer useful market analysis.
#BABYDOGEUSDT #BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #NeiroOnBinance

Bittensor (TAO) Price Analysis
Bittensor (TAO) has finally pushed above the resistance at $560 after trading sideways for most of the previous week. TAO had been incredibly bullish since September 17, when it was trading around $234. By the beginning of the previous week, it had surged past $500 and was trading around the $540 mark. Buyers attempted to push TAO past the $560 level all of last week but could not do so as it entered a period of sideways consolidation, with buyers keeping the price above $500 and sellers preventing a move past $560
This changed over the weekend after TAO registered a drop of 2.44% on Saturday and fell to $535. The price rebounded on Sunday, posting an increase of 5.31% to push above $560 and settle at $564. The current week began with TAO experiencing significant volatility as sellers attempted to drive it back below $560. However, they could not do so, and buyers gained the upper hand, pushing TAO to $577. The current session sees buyers still in control, with their sights set on $600. As we can see in the price chart, TAO has already attempted to move past $600 but has not been able to stay above that level. Currently, TAO is up by 1.37% and trading around the $585 mark
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #TCPredictedNewATH #BTCReboundsAfterFOMC

The Blum token, currently priced at $0.25, is making headlines with its latest market dynamics. With a total supply of 100 billion tokens and a circulating supply of nearly 99.999997 billion, the project has set aside 6 billion tokens for an airdrop, valued at approximately $1 billion. This allocation accounts for 6% of the total supply, with each airdropped token priced at around $0.1667.

If this value holds, Blum’s market capitalization could reach $16.67 billion. Currently, the initial market cap, based on the airdrop price, is about $1 billion. Post-airdrop, the token may see price fluctuations influenced by supply, demand, and market sentiment. A bullish trend could push the price to $0.20-$0.25, while a bearish outcome might see it drop to $0.10-$0.12.

#BlumAirdrop
#BlumPoints
#Write2Earn
#TCUptober #NeiroOnBinance

In a recent announcement, Binance put an end to the speculation surrounding the Moonbix game. Many were hoping for a new token, but Binance made it crystal clear—Moonbix is purely a game with no cryptocurrency tied to it. While the rumors swirled about a potential launch, Binance used its Telegram platform to set the record straight: there’s no Moonbix token coming.
Game Rewards, Not Tokens
Unlike popular meme tokens like Hamster, Cats, or Xempire, Moonbix won’t be joining the crypto space with its own coin. The game is designed for entertainment, and while players can earn occasional rewards in crypto, these are credited directly to their Binance accounts—not tied to any Moonbix-specific token.
Disappointed? Don’t Be.
For those who were waiting for a new meme coin opportunity, this might feel like a letdown. But Binance’s swift action helps to stop any confusion before it spreads further. The focus here is on keeping the community informed and saving people from chasing after something that simply doesn’t exist.
Stay Informed for Future Gains
In the fast-moving world of crypto, staying up to date is key. While Moonbix won’t be launching its own token, there are still plenty of opportunities in Binance’s ecosystem. Don’t waste time on rumors—keep your eyes on verifiable projects that can actually deliver.
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #TCPredictedNewATH #moonbix

Strategies to Avoid Panic Selling Your Crypto During Market Cycles
Investing in cryptocurrencies can be thrilling yet stressful, especially during market downturns. Panic selling, driven by fear and anxiety, often leads to significant financial losses. This article provides insights and strategies to help cryptocurrency investors avoid the pitfalls of panic selling by understanding market cycles, setting clear investment goals, and maintaining emotional discipline.
Understanding Market Cycles
Understanding market cycles is essential for any investor. Cryptocurrencies, much like traditional assets, go through phases of growth (bull markets) and decline (bear markets). Recognizing these patterns can help investors anticipate potential downturns and avoid impulsive decisions.
Key Phases of Market Cycles
Accumulation Phase: Prices are relatively low, and savvy investors start accumulating assets.
Uptrend Phase: Positive news and increased adoption drive prices up, attracting more investors.
Distribution Phase: Prices peak, and early investors begin selling to realize profits.
Downtrend Phase: Prices decline, often leading to panic selling by those who bought in at higher prices.
By understanding these phases, you can better prepare for fluctuations and avoid making decisions based on short-term market movements.
Setting Clear Investment Goals
Having well-defined investment goals is crucial for maintaining discipline during volatile times. Your goals should be specific, measurable, achievable, relevant, and time-bound (SMART).
Types of Investment Goals
Long-Term Growth: Focus on the potential for substantial gains over several years.
Short-Term Profit: Aim for quick profits within a few months.
Diversification: Allocate investments across different cryptocurrencies to spread risk.
Setting clear goals creates a roadmap that guides your decisions, helping you stay focused during market downturns.
Maintaining Emotional Discipline
Emotional discipline is key to avoiding panic selling. It's natural to feel anxious when the market is down, but reacting impulsively can lead to poor investment decisions.
Strategies for Emotional Discipline
Stick to Your Plan: Trust your investment strategy and avoid making changes based on market noise.
Limit Exposure to Market News: Constantly monitoring the market can heighten anxiety. Set specific times to check your investments.
Focus on Fundamentals: Assess the underlying value and long-term potential of your investments rather than short-term price movements.
Practical Tips to Avoid Panic Selling
Implementing practical strategies can further reinforce your resolve to avoid panic selling.
Diversify Your Portfolio
Diversification spreads risk and reduces the impact of a single asset's poor performance on your overall portfolio. Consider investing in a mix of established cryptocurrencies, emerging tokens, and other asset classes like stocks or bonds.
Use Dollar-Cost Averaging (DCA)
Dollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of the market price. This strategy reduces the impact of market volatility and helps you build your position gradually.
Set Stop-Loss and Take-Profit Orders
Automating your trades with stop-loss and take-profit orders can protect your investments from significant losses and secure profits. A stop-loss order sells your asset when it reaches a certain price, preventing further loss. A take-profit order ensures you lock in gains when the price hits your target.
Avoid Leveraged Trading
Leverage can amplify both gains and losses. During volatile market conditions, leveraged positions can quickly lead to substantial losses, prompting panic selling. Stick to spot trading to minimize risk.
Rebalance Your Portfolio Regularly
Periodic rebalancing ensures your portfolio aligns with your investment goals. If a particular asset has grown significantly, consider selling a portion and reinvesting in underperforming assets to maintain your desired asset allocation.#DOGSONBINANCE$EIGEN $HMSTR $UMA #BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober

$BTC
BTC continues to drift away from the $67,000 target as altcoins face ongoing declines. Cryptocurrency traders have significantly lost their risk appetite due to weak movements over the past two quarters. For a recovery to occur, BTC must conclude its movements aimed at the $50,000 target. Today, prominent cryptocurrency experts announced updated price targets for EIGEN, CAT, and ETH. What levels are they highlighting in their charts?
EIGEN Token Price Target
$EIGEN
Token has made an impressive launch and has been a long-awaited token. During the latest market assessment, EIGEN Token was discussed by Altcoin Sherpa. According to him, we can expect significant rises for this token. He even mentioned that it could experience high interest similar to PEPE Coin
CAT and Ethereum (ETH) Insights
$CAT We previously shared that some experts have growth targets for relatively lesser-known meme coins like CAT Coin. However, the overall weakness in cryptocurrency market sentiment has not provided the necessary environment for alternatives like CAT Coin to thrive. The graph shared by TraderSZ indicates that, despite this, the price could rise to $0.00007. Of course, this requires closing above $0.000045.

$ETH
is at a decisive moment again. The price fell below $2,560, significantly affected by the recent drop in BTC. The rapid rejection of BTC from resistance tests and the resultant upheaval of altcoins confirm the extent of the lack of risk appetite
The crypto analyst known as Yoddha shared the above graph, stating, “You don’t need complex technical analysis; what’s next for ETH is clear.” According to him, a new movement towards $4,650 may start soon
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #BTCReboundsAfterFOMC #moonbix

1. Uptober’s Historical Trends: Historically, October has indeed been a bullish month for Bitcoin. For example, in 2017 Bitcoin saw a 24% rise, and in 2013 it experienced a 61% surge. This is in line with the concept of “Uptober” where positive market sentiment leads to gains
2. 2023 Uptober Performance: In 2023, Bitcoin recorded a roughly 20% gain during October, which reinforced the idea of “Uptober” continuing its trend
3. 2024 Projections: Analysts in 2024 are similarly expecting positive market movement, with the potential for Bitcoin to rally towards $70,000. This optimism is supported by increasing institutional investment and favorable macroeconomic conditions .
4. Downside Risk: It’s important to recognize that there have been years, such as 2014 and 2018, where October wasn’t bullish. In those years, market sentiment turned negative, highlighting the potential for volatility even during historically strong periods .
In conclusion, while “Uptober” has historically been a strong month, it’s crucial to remain cautious and consider market risks. The volatility of the crypto market means that even during historically positive periods, corrections and surprises can occur.
#TCPredictedNewATH #TCUptober #Write2Earn!

Strong Fundamentals and Promising Outlook
$EDU has demonstrated remarkable resilience, maintaining a robust uptrend and finding support at $0.43. This positive momentum suggests a promising future for the token.
Targeting $0.97: A Realistic Goal
The next short-term target for EDU is $0.97. However, achieving this goal hinges on Bitcoin sustaining its bullish trajectory. Support from other prominent cryptocurrencies like $CGPT and $GRT will also play a crucial role in driving EDU's price higher.
Hidden Potential and Breakout Potential
EDU possesses hidden potential that could lead to a significant breakout in the coming weeks. If trading volume remains strong, the token could experience a substantial price increase.
Historical Performance: A Positive Indicator
Historically, EDU has shown impressive growth, with a 210% rise in gain. This past performance suggests that the token has the capacity to deliver substantial returns to investors.
Don't Miss Out on EDU's Potential
Given EDU's strong fundamentals, positive price action, and historical performance, it's an exciting time to consider investing in this promising cryptocurrency.
Are you ready to capitalize on EDU's potential for growth?

#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #NeiroOnBinance #BTCReboundsAfterFOMC

Prepare for an exciting development in the cryptocurrency market with the upcoming launch of the $CATS token! As the community eagerly anticipates its arrival, speculative estimates suggest an initial pricing range between $0.004 and $0.015, with many expecting it to lean towards the higher end due to substantial interest from the early investor community.
What's fueling this enthusiasm? $CATS isn't just another meme coin; it's a token with tangible benefits and innovative features that reward its holders, making it a compelling investment opportunity. With a strong backing from a dedicated community and multiple practical applications under development, $CATS is poised for a dynamic market debut.
Stay alert for the official launch announcement of $CATS. Positioning yourself as an early adopter could be advantageous, especially with the token's potential for rapid value appreciation post-launch. Keep an eye on updates and be ready to participate in what could be one of the most exciting entries into the crypto space this year.

#TCUptober #CatizenSuccess #BinanceLaunchpoolHMSTR #TCPredictedNewATH #NeiroOnBinance

$EIGEN token is a universal intersubjective work token designed for EigenLayer, enabling security for various digital tasks that are not just objectively verifiable but also intersubjectively attributable.

Unlike traditional work tokens that are tied to one specific digital task or objective faults (verifiable on-chain), EIGEN addresses a broader category of faults where multiple external observers agree on whether the task was performed correctly. This expands the range of tasks that can be securely managed on a blockchain.
EIGEN tokens are used for:
Staking for intersubjective faults on the EigenLayer platform.
Performing validation tasks across various Actively Validated Services (AVS).
Incentivizing and penalizing operators based on their performance.
What Are Intersubjectively Attributable Faults?
Intersubjectively attributable faults are errors or failures in digital tasks that can’t necessarily be proven with cryptographic or on-chain evidence but can be agreed upon by external observers. Examples include:
Data availability: Determining whether data is accessible across the network.
AI inference accuracy: Evaluating AI model predictions within a certain margin of error.
Oracle price inputs: Verifying the correctness of reported real-world data.
The EIGEN token aims to secure services dealing with these intersubjective faults and ensure penalties are applied when operators deviate from expected behavior.
How Does EIGEN Token Staking Work?
EIGEN token staking involves locking up tokens as collateral to perform validation and coordination tasks. The key ideas behind staking with EIGEN are:
Setup and Execution Phases: Rules for validation are agreed upon during the setup phase, and the execution phase involves enforcing these rules. This ensures that faults are observable and can be addressed without requiring in-person meetings.
Slashing: When operators deviate from the agreed-upon rules, their staked tokens can be slashed as punishment.
Token Forking: If the majority of stakers become malicious, a new fork of the EIGEN token can be initiated, penalizing those who caused the fault by excluding them from redeeming tokens in the new fork.
How Many EIGEN Tokens Are in Circulation?
The EIGEN token supply details will depend on the platform's issuance policies. As of the time of its release, the tokenomics structure and total supply may be influenced by staking rewards, slashing events, and issuance for AVS security.
What Makes EIGEN Unique?
EIGEN is designed to resolve faults in decentralized tasks that are agreed upon by multiple external observers. Unlike traditional tokens that focus solely on objectively verifiable tasks, EIGEN addresses faults that may not be provable on-chain but are clearly identifiable off-chain. Its universality allows it to secure various tasks across many services on the EigenLayer platform.
Key features include:
Universality: EIGEN can be used across different tasks and systems beyond a single blockchain, offering cryptoeconomic security for a wide range of intersubjectively verifiable tasks.
Isolation: The EIGEN token operates in tandem with its backing token, bEIGEN, ensuring that forks in staking don't disrupt non-staking applications like DeFi.
Compensation: In cases where an AVS is attacked, the system can redistribute slashed tokens to affected users, ensuring strong cryptoeconomic security.
Who Can Use the EIGEN Token?
The EIGEN token can be utilized by AVS developers, validators, and operators looking to secure services that require intersubjective agreement. It plays a complementary role to ETH restaking, where ETH can secure objectively verifiable tasks and EIGEN handles more subjective faults.
Where Can You Buy Eigenlayer?
EIGEN tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Eigenlayer is Binance, where the most active trading pair EIGEN/USDT has a trading volume of $254,174,291 in the last 24 hours. Other popular options include Bitget and Bybit.
What Is the Daily Trading Volume of Eigenlayer (EIGEN)?
The trading volume of Eigenlayer (EIGEN) is $536,889,787 in the last 24 hours, representing a 266,456.80% increase from one day ago and signaling a recent rise in market activity.
What Is the All-Time High for Eigenlayer (EIGEN)?
The highest price paid for Eigenlayer (EIGEN) is $4.47, which was recorded on Oct 01, 2024 (about 5 hours ago). Comparatively, the current price is 11.82% lower than the all-time high price.
What Is the All-Time Low for Eigenlayer (EIGEN)?
The lowest price paid for Eigenlayer (EIGEN) is $3.61, which was recorded on Oct 01, 2024 (about 8 hours ago). Comparatively, the current price is 9.13% higher than the all-time low price.
What Is the Market Cap of Eigenlayer (EIGEN)?
The market capitalization of Eigenlayer (EIGEN) is $724,487,316 and it is ranked #111 on CoinGecko today. Market cap is measured by multiplying the token price with the circulating supply of EIGEN tokens (190 million tokens are tradable on the market today).
What Is the Fully Diluted Valuation of Eigenlayer (EIGEN)?
The fully diluted valuation (FDV) of Eigenlayer (EIGEN) is $6,528,668,901. This is a statistical representation of the maximum market cap, assuming a total number of 1.7 billion EIGEN tokens are in circulation today.
How Does the Price Performance of Eigenlayer Compare Against Its Peers?
With a price increase of 0.00% in the last 7 days, Eigenlayer (EIGEN) is outperforming the global cryptocurrency market, which is down -0.50%, while underperforming when compared to similar Ethereum ecosystem cryptocurrencies, which are up 12.70%.

#EIGENonBinance #TCUptober #NeiroOnBinance #EIGEN #newlaunch
$BTC $EIGEN

Will Eigenlayer's (EIGEN) Uptrend Continue to $10 as Trading Profits Pass $4 in One Day?

With Binance announcing the listing of Eigenlayer, the cryptocurrency market is regaining momentum and interest in EIGEN is growing. After Binance's listing, other major exchanges, including KuCoin and Bitget, added EIGEN to their offerings.
In addition, the main US exchange Coinbase announced the transition from the EIGEN-PERP pre-launch market to a standard permanent futures market. This transition began earlier today, October 1st.

EIGEN hits $4
With high demand for Eigenlayer, the market capitalization grew to $767 million and the EIGEN token reached a market price of $4.30, accompanied by a massive 145% increase in 24-hour volume.
Since its listing, Eigen has risen 15.94% and is currently trading at $4.31. The technical chart on Binance shows that the uptrend of EIGEN takes a sideways approach and consolidates above the $ 4 mark. The consolidation reflects a slowdown due to the exhaustion of the growth that follows the initial growth of the trade. However, the sideways trend, rather than a pullback, indicates that buyers are holding on to their recent purchases. Also, a potential double reversal appears in the consolidation zone.
Trading volume for Eigenlayer has seen a slight decline amid this consolidation, suggesting that initial listing gains may be slowing.
Will Eigenlayer hit $10? Logo
Cryptocurrency News Analysis Eigenlayer (EIGEN) Rises Mid Binance Trading: Is $10 Within Reach? Eigenlayer (EIGEN) Rises Mid Binance Trading: Is $10 Within Reach?

Will Eigenlayer's (EIGEN) Uptrend Continue to $10 as Trading Profits Pass $4 in One Day? With Binance announcing to list Eigenlayer, the cryptocurrency market is gaining momentum and interest in EIGEN is growing. After Binance's listing, other major exchanges, including KuCoin and Bitget, added EIGEN to their offerings.
In addition, the main US exchange Coinbase announced the transition from the EIGEN-PERP pre-launch market to a standard permanent futures market. This transition started earlier today, October 1st.

Will EigenLayer hit $10?
EigenLayer is a middleware built on the Ethereum network. It contributes to making decentralized trust common. Eigenlayer's growing adoption and listing on major exchanges could fuel a new bullish trend. Based on the 5-minute time frame, Fibonacci levels based on the trend, the uptrend can target the 50% Fibonacci level at $6 and the 61.80% Fibonacci level at $6.50.

If the uptrend continues, the altcoin could reach the psychological $10 mark, driven by strong demand and improved sentiment in the cryptocurrency market. However, future targets remain uncertain due to the lack of historical price action, and the arrival of bearish momentum in the market could further worsen the outlook.
$EIGEN
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober

Bitcoin $BTC ) Price Analysis 
$BTC
Bitcoin registered its best September in over a decade, defying a trend of losses and subdued price movement. According to data from Rekt Capital, BTC reported an increase of 7.75% in September, eclipsing its previous best of 6%, set in 2016. Out of 12 previous Septembers, 8 had ended in the red for the world’s largest cryptocurrency, with the most substantial being in 2014, when it dropped by 19%. 
“Don’t let a -5% dip distract you from the fact that Bitcoin has experienced its best September of all time by producing a +7% monthly return.”
Analysts have pointed out that October is historically a bullish month for BTC, with the cryptocurrency registering positive performances in 9 out of the past 12 Octobers, with gains ranging between 5.5% and 40%. They also pointed out that it was 163 days since BTC’s halving on September 30, which is precisely the number of days it took for BTC to break out from its reaccumulation range after the 2020 halving. According to CryptoQuant co-founder Ki Young Ju, the market is still bullish despite the recent retreat and ongoing range-bound price action. 
Looking at the price chart, we can see that BTC was incredibly bullish towards the end of the previous week. The cryptocurrency registered a significant jump of 3.19% on Thursday to finally move past the 200-day SMA and the $65,000 level to settle at $65,183. Friday saw bulls continue to maintain control, although price action was muted, with BTC registering an increase of 0.95% to move to $65,805. The weekend saw marginal movement, with BTC registering a marginal increase on Saturday and a marginal decline on Sunday, ending the week at $65,634. The current week started with a jump in selling pressure, as BTC fell back below the 200-day SMA and $65,000 to $63,365. The current session sees BTC up by just over 1% as buyers look to push back above the 200-day SMA and $65,000
Sentiment around BTC is still bullish, and we could see a recovery if bulls manage to keep BTC above the 200-day SMA. Buyers must keep BTC above the 20-day SMA to prevent a decline. If this level is breached, it could drop to $60,000 or below. However, if BTC can rebound from its support levels and push above $65,000, a rally to $70,000 could be on the cards, given October is historically a positive month