Bitcoin's October Outlook: Explosive Price Predictions & Analysis 


Short-term BTC analysis indicates a break above the short-term downtrend, with potential for a rise to $28,631 upon breaking $26,968 neckline resistance. 

High volume at price peaks and low volume at troughs, along with a positive volume balance, support a mildly positive short-term outlook. 

In the medium-term, BTC breaks the medium-term downtrend, testing resistance at $27,300, with a positive volume balance and potential for further upside. 

In the long-term, BTC has broken its long-term rising trend channel, residing between support at $25,884 and resistance at $32,128, with the potential for a new direction upon breaking these levels. 

The current Bitcoin price is $27,196.15 USD, showing a 0.80% gain in the last 24 hours, with a market capitalization of $530,349,256,841 USD. 

There are 19,500,893 BTC coins in circulation out of a maximum supply of 21,000,000 BTC coins, suggesting long-term mild positivity in the technical standpoint. 

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