Bitcoin price again tested the $28,000 level


The first cryptocurrency tested the $28,000 mark for the second time in a week.

The chart below shows an increase in market value to the indicated level against the backdrop of a surge in trading volumes and then a slight pullback after colliding with a resistance level.

15-minute BTC/USDT chart of the Binance exchange. Data: TradingView.

Prices of other top market assets also recovered slightly:

Data: CoinGecko.

BitMEX co-founder Arthur Hayes, during an interview with YouTuber Tom Bilyeu, admitted that by 2024 the price of the first cryptocurrency will reach $70,000. However, in his opinion, digital gold will not be able to overcome the $30,000 level by the end of this year.

By 2026, Bitcoin will rise in price to $750,000 or even $1 million, the expert suggested.

The main growth drivers, according to Hayes, will be limited supply of the asset, the approval of spot ETFs and geopolitical uncertainty.

Let us remember that on October 2, Bitcoin briefly consolidated above the $28,000 mark, slightly reviving the altcoin market.

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