Bitcoin Holds Above $27K But Faces Resistance at $28K Amid Geopolitical Tensions

Bitcoin price held above $27,000 over the weekend, now faces resistance at $28,000. Trader says a "big buyer" is needed to flip it to support.

Bitcoin's reaction at $28K and 200-day moving average is described as "not the best kind" by one trader. Caution urged on shorting a breakout.

Geopolitical instability like events in Israel flagged as a potential catalyst for further Bitcoin price gains.

One analyst renews $30,000 Bitcoin price forecast for October, traditionally its strongest month.

At under $28K, Bitcoin is up 3.5% month-to-date so far in October. Has historically seen big monthly gains in October.