Bitcoin Hits Three-Month High as Bulls Face Crunch Resistance
Bitcoin reached a new three-month high on October 23, surpassing $30,000 for the first time since the summer and approaching key long-term resistance levels. Analysts suggest that Bitcoin may experience a significant move higher, with similarities to just before the year-to-date high.
Altcoins are also experiencing gains, with Santiment noting a new crypto market setup where altcoins are moving higher in step with Bitcoin, rather than falling behind. However, caution is still advised as Bitcoin faces crunch resistance and every investment and trading move involves risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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