) cruised into a new weekly close on Oct. 15 as “ultra boring” trading conditions still offered hope of a $27,000 breakthrough.Considering upside potential, Michaël van de Poppe, founder and CEO of MN Trading, argued that there was room for a BTC price trip to $27,800.
“Unchanged perspective. Did a double-bottom test at $26,500 and held there. Currently fighting resistance, through which another test of $27,000 should end up with a breakout to $27,800.”Popular trader and analyst Daan Crypto Trades meanwhile eyed an upcoming weekly candle closing below a “bull market support band” formed of two moving averages.
“Still no convincing close above or below for some weeks now as we trade right around the area,” part of X commentaryAdditional analysis predicted volatility picking up toward the end of the day, with the latest CME Group Bitcoin futures closing price at $26,840 an area of interest.This came from Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, who saw the BTC price level gaining importance going forward.
“Bitcoin price spends 75% of its time above its adoption curve. That curve will reach $27,000 in 60 days,” he This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.