Bitcoin Surges Past $30K as Bullish Sentiment Returns; Key Levels to Watch

Bitcoin rose above $30,000 on Oct. 20, path of least resistance is upside.

Grayscale new spot Bitcoin ETF application may have acted as bullish trigger.

SEC sought to dismiss all claims against Ripple's Garlinghouse and Larsen, increasing expectations regulator may slow crypto attack.

As market sentiment improves, Bitcoin long-term holders increasing stockpiles, likely causing supply crunch.

Key levels to watch for Bitcoin are $28,143 support, $31,000-$31,805 resistance. Altcoins expected to follow if Bitcoin maintains momentum.