Bitcoin (BTC) stayed better on Oct. 2 after a “tremendous” smash to the upside upended marketplace sentiment.
BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView
Trader eyes $45,000 BTC fee floor<\/p>\n\n\n\n

Data from Cointelegraph Markets Pro and TradingView observed eerie calm on BTC\/USD after Friday’s surprising upside volatility noticed $3,000 brought in an hour.<\/p>\n\n\n\n

The classic “brief squeeze” noticed no good sized pushback into the weekend, with Bitcoin keeping tiers above the August close.<\/p>\n\n\n\n

For Cointelegraph contributor Micha\u00ebl van de Poppe, it turned into now a query of what shape a consolidation duration should take withinside the coming days.<\/p>\n\n\n\n

“If we need to get any corrective flow at all, I assume you do not need to look it move that some distance down,” he warned in a YouTube replace Friday.<\/p>\n\n\n\n

Van de Poppe despite the fact that brought that he preferred bullish continuation as the belief to brief-time period fee movement as opposed to a deeper drop toward tiers from in advance withinside the week.<\/p>\n\n\n\n

A examine purchase and promote tiers on principal trade Binance in the meantime discovered incremental resistance in location starting at $48,000.
BTC\/USD purchase\/ promote tiers (Binance) on Oct. 2. Source: Material Indicators
“Extreme worry precedes economic opportunity”<\/p>\n\n\n\n

Equally constructive turned into dealer and analyst Rekt Capital, who mentioned that BTC\/USD have been printing better lows for 4 months, all of which had visible robust customer guide no matter the fee growing every time.<\/p>\n\n\n\n

Related: \u2018Say hello to Uptober\u2019 \u2014 Bitcoin fee surges above $47K in minutes, liquidating $270M in shorts<\/p>\n\n\n\n

Referencing sentiment gauge the Crypto Fear & Greed Index, he mentioned that overall, worry had over again left the marketplace way to Friday’s fee movement.<\/p>\n\n\n\n

“Following BTC’s tremendous breakout flow yesterday\u2026 Investors are now not anxious toward Bitcoin,” he summarized.<\/p>\n\n\n\n

Fear & Greed turned into languishing in its “intense worry” area as lately as Thursday, its rating considering the fact that growing from 20\/one hundred to contemporary tiers of 54\/one hundred, defined as “neutral” for sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) stayed better on Oct. 2 after a “tremendous” smash to the upside upended marketplace sentiment.BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader eyes $45,000 BTC fee floor Data from Cointelegraph Markets Pro and TradingView observed eerie calm on BTC\/USD after Friday’s surprising upside volatility noticed $3,000 brought in an hour. The classic “brief squeeze” […]<\/p>\n","protected":false},"author":6,"featured_media":1797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6],"class_list":["post-1795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","card square"],"_links":{"self":[{"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/posts\/1795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/comments?post=1795"}],"version-history":[{"count":1,"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/posts\/1795\/revisions"}],"predecessor-version":[{"id":1798,"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/posts\/1795\/revisions\/1798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/media\/1797"}],"wp:attachment":[{"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/media?parent=1795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/categories?post=1795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learnonlinecoin.com\/wp-json\/wp\/v2\/tags?post=1795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}