{"id":169741,"date":"2023-10-07T02:56:42","date_gmt":"2023-10-06T21:26:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=169741"},"modified":"2023-10-07T02:56:42","modified_gmt":"2023-10-06T21:26:42","slug":"bitcoin-btc-price-analysis-for-october-5-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-btc-price-analysis-for-october-5-crypto-news\/","title":{"rendered":"Bitcoin (BTC) Price Analysis for October 5 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The bears&#8217; influence is still relevant, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/xrp-price-analysis-for-october-4\">CoinStats<\/a>.<\/p>\n<figure><figcaption>BTC chart by\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinstats.app\/coins\/\"><u>CoinStats<\/u><\/a><\/figcaption><\/figure>\n<h2 class=\"text-align-justify\">BTC\/USD<\/h2>\n<p class=\"text-align-justify\">The rate of Bitcoin (BTC) has increased by 0.24% over the last 24 hours.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/btc1_142.png\" data-entity-uuid=\"5833c81b-2a16-459c-9bdd-274d90de5024\" data-entity-type=\"file\" \/><figcaption>Image by\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\"><u>TradingView<\/u><\/a><\/figcaption><\/figure>\n<p>Despite today&#8217;s rise, BTC is looking bearish on the hourly time frame. The price has broken the recently formed support level of $27,560. If the daily bar closes below it, the drop is likely to continue to the $27,000 area.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/btc2_125.png\" data-entity-uuid=\"2466f89b-52e5-4694-8eb4-fb45d77dc4e1\" data-entity-type=\"file\" \/><figcaption>Image by\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\"><u>TradingView<\/u><\/a><\/figcaption><\/figure>\n<p>Bulls have once again failed to keep the rise going after a bullish candle closure. However, none of the sides has seized the initiative yet.\u00a0<\/p>\n<p>In this case, sideways trading in the area of $27,000-$28,000 is the more likely scenario until the end of the week.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/btc3_124.png\" data-entity-uuid=\"e9d9e56b-2bda-4ed6-bc20-70ad9dea0783\" data-entity-type=\"file\" \/><figcaption>Image by\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\"><u>TradingView<\/u><\/a><\/figcaption><\/figure>\n<p>A similar picture can be seen on the weekly time frame. The volume is low, which means that there are high chances of seeing a consolidation of BTC with no sharp moves. Buyers may start thinking about a possible midterm reversal only if the rate gets back to the $29,000 area and fixes above it.<\/p>\n<p>Bitcoin is trading at $27,593 at press time.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The bears&#8217; influence is still relevant, according to CoinStats. BTC chart by\u00a0CoinStats BTC\/USD The rate of Bitcoin (BTC) has increased by 0.24% over the last 24 hours. Image by\u00a0TradingView Despite today&#8217;s rise, BTC is looking bearish on the hourly time frame. The price has broken the recently formed support level of $27,560. If the daily [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":169742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-169741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=169741"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169741\/revisions"}],"predecessor-version":[{"id":169744,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169741\/revisions\/169744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/169742"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}