Satoshi

2024

Satoshi Nakamoto

Bitcoin

<p>Market analysis and social sentiment data suggest <a href="https://captainaltcoin.com/top-btc-analyst-says-bitcoin-price-will-crash-backs-statement-with-price-action-analysis/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> may be poised for another attempt at the $70k level. Crypto trader Daan Crypto Trades and analyst Ali shared their perception on Bitcoin’s price action and social sentiment, respectively, as BTC trades around $61,000.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-s-price-action-and-technical-analysis-strong"><strong>Bitcoin’s Price Action and Technical Analysis</strong></h2>
<p>Daan Crypto Trades, a top crypto analyst on X (formerly Twitter), shared his observations on Bitcoin’s recent price movements. He noted that BTC is currently trading between its recently established higher high and higher low. The daily 200-day moving average (MA) and exponential moving average (EMA) are acting as key support and resistance levels.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Is in between its recently made higher high and higher low.<br><br>Both the Daily 200MA/EMA are putting up a fight keeping price within them.<br><br>The bulls would want to trade back to the 66.5K+ level to give $70K a go.<br><br>Below 60K the low timeframe trend could start to shift. <a href="https://t.co/cF7IgjUkfK" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/cF7IgjUkfK</a></p>— Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1844105804900634936?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to Daan, bulls should aim to push the price back to $66,500 or higher to make a run at the $70,000 mark. He advised, nevertheless, that a decline below $60,000 might change the current trajectory. <a href="https://x.com/Ultimate120901/status/1844106704558096590" target="_blank" rel="noopener noreferrer nofollow">When questioned over the possible influence of Bitcoin</a> valued at $58k, Daan clarified that the interpretation relies on the timeframe of view used.</p>
<p>For shorter timeframes, a move to $58,000 could be seen as bearish, potentially forming a lower high and lower low. However, from a broader perspective, such a move might still be part of the current downward leg from $66,500, with a lower low not occurring until $52,500.</p>
<h2 class="wp-block-heading" id="strong-social-sentiment-reaches-new-heights-strong"><strong>Social Sentiment Reaches New Heights</strong></h2>
<p>According to Ali, social sentiment on Bitcoin is at an all-time high, surpassing even that seen after the Bitcoin ETFs were approved. He noted that a new HBO documentary that makes assumptions about who Bitcoin’s creator Satoshi Nakamoto is may be associated with this upsurge in sentiment.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Social sentiment around <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> just hit its highest level since the ETF approvals! This spike might be tied to a recent <a href="https://twitter.com/HBO?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@HBO</a> documentary speculating that <a href="https://twitter.com/peterktodd?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@peterktodd</a> could be Satoshi Nakamoto. <a href="https://t.co/iIFRigVK0N" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/iIFRigVK0N</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1844011181532647540?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The documentary <a href="https://www.bbc.com/news/articles/c62m73my0dno" target="_blank" rel="noopener noreferrer nofollow">reportedly suggests that Peter Todd</a>, a well-known Bitcoin developer, could be Satoshi. This speculation has apparently sparked renewed interest and discussion within the crypto community, contributing to the positive sentiment.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-uniswap-uni-price-pumping-2/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Uniswap (UNI) Price Pumping?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-current-market-data-and-price-performance-strong"><strong>Current Market Data and Price Performance</strong></h2>
<p>Per data from CoinGecko, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin is trading at $61,011.34</a>. BTC has had a 1.76% price decline in the past day but maintains a 0.43% increase over the last week. The daily trading volume stands at $28,430,600,107, indicating active market participation.</p>
<p>While Bitcoin’s price has pulled back slightly from recent highs, the combination of technical analysis and strong social sentiment suggests that market participants remain optimistic about its potential to challenge the $70,000 level soon.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-bulls-should-give-70k-a-go-as-this-btc-metric-soars/" rel="noopener noreferrer nofollow">Bitcoin Bulls Should Give $70k ‘a Go’ as This BTC Metric Soars</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Bulls Should Give $70k ‘a Go’ as This BTC Metric Soars

Table of Contents

CaptainAltcoin

Other articles published on Oct 10, 2024

Ripple (XRP) Price Sentiment Plummets but Analysts Say That Can Be Bullish

Breaking Boundaries: LBank Achieves "Leaps and Bounds" Growth in Q3

Ripple News: Could Gary Gensler’s Resignation or Removal Lead to a Dismissal of the Ripple-SEC La...

WazirX selects 10 creditors for the CoC but there is a catch

Neogen Corp. Reports Q1 Results: $0.07 EPS, $217 M in Revenue

GT Protocol COE – decentralization preventing AI-driven doomsday

Join our free newsletter for daily crypto updates!