Bitcoin Soars Past $30K as Analysts Eye Further Upside for Leading Crypto

Bitcoin price hit new 3-month highs near $31K on Oct. 23 as Asia trading saw snap gains.

BTC faced resistance at key long-term level of $31,800, the 2023 high. Traders urge caution but don't recommend being bearish.

Analysts note Bitcoin primed for further upside move, with market showing similarities to just before 2022 high.

Altcoins rising in step with Bitcoin, unlike during prior visits to $30K. Link, Matic, Apt and others seeing best decoupling from BTC in 2023.

Traders say altcoin positions continue printing money, but caution warranted. Big moves expected in coming months if Bitcoin clears $30K.