Bitcoin Surges Past $30K as Bullish Sentiment Returns; Key Levels to Watch
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Bitcoin rose above $30,000 on Oct. 20, path of least resistance is upside.
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Grayscale new spot Bitcoin ETF application may have acted as bullish trigger.
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SEC sought to dismiss all claims against Ripple's Garlinghouse and Larsen, increasing expectations regulator may slow crypto attack.
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As market sentiment improves, Bitcoin long-term holders increasing stockpiles, likely causing supply crunch.
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Key levels to watch for Bitcoin are $28,143 support, $31,000-$31,805 resistance. Altcoins expected to follow if Bitcoin maintains momentum.
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