Bitcoin Holds Near $28K as Geopolitical Uncertainty Enters Market

Bitcoin (BTC) kept pressure on $28K over the weekend as geopolitical uncertainty entered traders' radar. The $28K level remains a key area of interest.

Trader Skew said a "big spot buyer" is still needed to flip $28K to support. Below that level, shorts are active on pullbacks.

Fellow trader Daan Crypto Trades cautioned against shorting a breakout above $28K, as it may spark further upside.

Analyst Michaël van de Poppe said worldwide uncertainty could push Bitcoin to $30K in October, traditionally its strongest month.

At under $28K, BTC was up 3.5% month-to-date. But it still needs major bidding to break key resistance at $28K.