** Bit Coin Price analysis **

Bitcoin is currently trading around the £68,000 mark after experiencing significant volatility this month. Open interest in Bitcoin derivatives has been rising, reaching £37.6 billion, which is close to an all-time high.

This indicates strong market engagement, although traders are split, with a slight majority (51%) favoring sell positions. Some analysts are optimistic that if Bitcoin breaks and holds above £66,000, it could trigger further buying and potentially push the price towards £74,000 in the near term.

However, resistance remains, and the long-short ratio suggests indecision in the market, so further price fluctuations are likely. For October 2024, projections estimate a potential range between £68,424 and £80,978 depending on market sentiment and trading activity. #crypto#BTC☀ #ETHETFsApproved #ETH🔥🔥🔥🔥