{"id":85214,"date":"2023-10-02T09:30:14","date_gmt":"2023-10-02T06:30:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85214"},"modified":"2025-09-12T21:56:55","modified_gmt":"2025-09-12T18:56:55","slug":"bitcoin-clears-the-28000-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-clears-the-28000-level\/","title":{"rendered":"Bitcoin clears the $28,000 level."},"content":{"rendered":"<p>On Monday, October 2, the price of the first cryptocurrency rose above $28,000. In the last 24 hours, the asset climbed 3.5%, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/p>\n<p>At the time of writing, the price is attempting to hold above the level.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"630\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-02_09-24-42-1024x630.png\" alt=\"BTCUSDT_2023-10-02_09-24-42\" class=\"wp-image-217001\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-02_09-24-42-1024x630.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-02_09-24-42-300x185.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-02_09-24-42-768x473.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-02-09-24-42.png 1428w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Bitcoin closed September on a positive note, despite the broader negative trend, rising 3.9%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"476\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2023-10-02-09.08.47-1024x476.jpg\" alt=\"2023-10-02-09.08.47\" class=\"wp-image-217002\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2023-10-02-09.08.47-1024x476.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2023-10-02-09.08.47-300x139.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2023-10-02-09.08.47-768x357.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2023-10-02-09.08.47.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/today\">Coinglass<\/a>.<\/figcaption><\/figure>\n<p>Following the flagship into the green zone were assets from the top-10 by market capitalization. The standout is Solana (SOL) \u2014 up 14% over the last 24 hours.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"546\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-10-02-v-09.26.53-1024x546.png\" alt=\"Snimok-ekrana-2023-10-02-v-09.26.53\" class=\"wp-image-217003\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-10-02-v-09.26.53-1024x546.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-10-02-v-09.26.53-300x160.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-10-02-v-09.26.53-768x409.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-10-02-v-09.26.53.png 1141w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>Total market capitalization of the cryptocurrency market is $1.15 trillion (+2.6%). Bitcoin dominance index stood at 47.4%, ETH at 18%.<\/p>\n<p>Some members of the crypto community noted a breakout of a psychological level. According to one X user, the next move would be a rise to $31,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a>  Breakout is Done as Expected\u270d\ufe0f<\/p>\n<p>Now,send to +31K? <a href=\"https:\/\/t.co\/GbSpRWNfxh\">pic.twitter.com\/GbSpRWNfxh<\/a><\/p>\n<p>\u2014 JONES RANDY (@joneseugeneb) <a href=\"https:\/\/twitter.com\/joneseugeneb\/status\/1708723176622973326?ref_src=twsrc%5Etfw\">October 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trader Micha\u00ebl van de Poppe allowed for the possibility of two retests on the lower bounds of $27,000\u2013$27,500.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> back up to $28,400.<\/p>\n<p>From here, it seems like buying the dip is the game. <\/p>\n<p>I&#8217;m assuming that we&#8217;ll see some retests on lower boundaries at $27,000-27,500 before we&#8217;ll continue, but breaking $30,000 opens the gates to $40,000 really fast.<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1708751752642679047?ref_src=twsrc%5Etfw\">October 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab[\u2026] but a breakout of $30,000 opens the gates to $40,000 very quickly,\u00bb wrote the trader.<\/p>\n<\/blockquote>\n<p>Earlier, Bitfinex <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-detect-signs-of-a-renewed-bullish-trend\">recorded signs of a renewed bullish trend<\/a>. In their view, this is indicated by the behaviour of long-term Bitcoin holders.<\/p>\n<p>However, QCP Capital analysts held a bearish stance on digital gold for the fourth quarter. As an October price reference they named $22,000. The scenario would be invalidated if a breakout above $32,000 occurs.<\/p>\n<p>In August, the $20,000 level was named by BitMEX co-founder Arthur Hayes. In his view, the first cryptocurrency could move lower with a subsequent <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-forecasts-bitcoin-to-rise-to-50000-ahead-of-the-halving\">new bullish impulse<\/a>. However, a month later he pointed to <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-points-to-positive-bitcoin-prospects-despite-fed-policy\">positive prospects<\/a> for digital gold despite the policy of the Federal Reserve System of the United States.<\/p>\n<p>Earlier, the founder of Edelman Financial Engines Rick Edelman forecast the price of the first cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/expert-forecasts-bitcoin-to-reach-150000\">to $150,000<\/a> by the summer of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, October 2, the price of the first cryptocurrency rose above $28,000.<\/p>\n","protected":false},"author":1,"featured_media":85215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-85214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85214"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85214\/revisions"}],"predecessor-version":[{"id":85216,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85214\/revisions\/85216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85215"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}