After experiencing a massive price plunge in the crypto industry during the last week, The market leader, Bitcoin price, has displayed a bullish move as the star crypto has gained 3.62% within the last day. BTC is currently hovering close to its crucial resistance level of $28,000 and is expected to surpass it soon.
BlackRock’s CEO Claim On Bitcoin:
Larry Fink, the CEO of the largest money management firm in the world, with over $10 Trillion in assets under management, claims that Bitcoin is on the path to rephrase the financial landscape forever.
Bitcoin is set to rephrase the financial landscape!
– Larry Fink BlackRock’s CEO
Further, he states that the role of Bitcoin and crypto is to “digitalize gold” instead of investing in gold as a hedge against inflation.
Larry believes in tokenizing the assets and securities to reduce money laundering and build a more stable economy. BlackRock may already be the third largest BTC holder with a total holding of over 100,000 Bitcoins.
Captain Faibik’s Prediction On Bitcoin Price:
Captain Faibik, a well-known crypto analyst with a substantial following of 66K + on the X platform, predicts the BTC price is again attempting to break out of its resistance trendline of the symmetric pattern.
Further, the analyst predicts the Bitcoin price will experience a jump of over 15 – 20% if it successfully manages to break out of the pattern soon. If the coin gains bullish momentum, the BTC will test the $30,000 mark in the coming days.
Will The BTC Price Cross $28,000 Mark Soon?
In conclusion, the BTC price has displayed a massive and much-needed bullish action over the weekend, which the market had assumed to be lost, further creating a possibility of the month of October, also known as Uptober to end with a bullish sentiment.
At the time of publishing, Bitcoin was trading at $27,825 and is predicted to test its resistance level of $28,000 today, which could result in the either way. If the coin breaches the resistance level, the price will continue to gain value and test its resistance level of $28,600 soon.
If the coin fails to break out of the resistance level, then the analyst predicts the price could lose momentum and plunge toward its support zone at $25,600 again.
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