{"id":14055,"date":"2022-10-02T13:14:51","date_gmt":"2022-10-02T13:14:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-to-20k-as-bulls-target-higher-mothly-close\/"},"modified":"2022-10-02T13:14:51","modified_gmt":"2022-10-02T13:14:51","slug":"bitcoin-breaks-to-20k-as-bulls-target-higher-mothly-close","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-to-20k-as-bulls-target-higher-mothly-close\/","title":{"rendered":"Bitcoin breaks to $20K as bulls target higher mothly close"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News )<\/b>
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Bitcoin price rose sharply again on Friday as a dose of volatility helped BTC add nearly $1,000 within hours to top the $20,000 mark. Indeed, the BTC\/USD pair rose as high as $20,182 on crypto exchange Coinbase \u2013 up from an intraday low of around $19,154 reached earlier in the day.<\/p>\n

The price update below shows one instance where price had increased by over $800 in 24 hours.<\/p>\n

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The $BTC<\/a> price is at $20,126.22 right now.
\ud83d\udfe2 Compared to the last tweet, the price has increased by $102.69 (0.51%).
\ud83d\udfe2 In the last 24 hours the price has increased by $877.21 (4.56%).#Bitcoin<\/a> #BTC<\/a> pic.twitter.com\/8l6osOlq4d<\/a><\/p>\n

\u2014 Bitcoin updates (@Bitcoin8News) September 30, 2022<\/a><\/p>\n<\/blockquote>\n

The upside for the flagship crypto asset cascaded across the altcoin market, with Ethereum also seeing a swift jump to above $1,370 and Ripple\u2019s XRP holding to most gains after ripping higher earlier on another score for the company is its case with the US Securities and Exchange Commission (SEC).<\/p>\n

Elsewhere, the US stock market also opened slightly higher, although the muted move is not helped by the prevailing negative sentiment. The S&P 500 trades at levels not seen since 2020 and as is likely, it could slip lower to end the brutal Q3 in the red.<\/p>\n

Can bulls see a higher BTC monthly close?<\/h2>\n

September has been a brutal month across the risk assets market, with Bitcoin oscillating around the $20k level with some painful dips towards the $18,000 support area.<\/p>\n

Now with the normal market session just hours away from the monthly close, the attention could be on whether bulls can avoid a second consecutive red month. As seen on the chart below, BTC is about 1.8% in the red, with August seeing the cryptocurrency dump more than 13%.\u00a0<\/p>\n

Bitcoin has had a red month in four out of the last five, with the last one ending with BTC\/USD just above the critical $20k.\u00a0<\/p>\n

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BTCUSD monthly price chart. Source: TradingView<\/span><\/p>\n

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A higher monthly candle close Friday could set up fresh bids for the weekend and push BTC\/USD higher. It\u2019s an outlook that\u2019s likely if $19,600 holds and a push for $20,300 opens up the $22,000 resistance line.<\/p>\n

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