Bitcoin outperformed history in September, which bodes well for its performance in months ahead
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However, the losses were short-lived, as Bitcoin swiftly recovered to slightly above $28,000. BTC was up 1.66% in the last 24 hours to $27,980 at the time of writing.As stated in the analysis, maintaining the $27,000 level may be critical for Bitcoin's further upside. A stay above $27,000 may prevent bearish momentum from gaining traction and confirm the breakthrough of the prior range between $26,000 and $27,100.
A retest of the lower end would not be the worst-case scenario, as a consolidation over $27,000 would signal theTomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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