🚀 Bitcoin prices rose nearly 4% to over $28,000 in the Asian trading session on Monday morning. This is the highest level BTC has seen since August 17. However, there is strong resistance at this level.

📈 Analyst 'CrediBULL Crypto' said, "Every upper time frame momentum starts with a lower time frame momentum" and stated that BTC is not over yet and is waiting for the rise that took place on Monday morning.

🔍 Fellow analyst Will Clemente added that BTC is trading at this level on important technical indicators. The weekly and daily moving averages are currently at the $28,000 price level.

💹 Crypto derivatives platform Greeks Live stated that the rally is focused on spot transactions. Additionally, this large move liquidated many short positions in the derivatives markets.

📊 Ethereum increased by 3.2% in the last few hours and rose to $ 1,726. This means ETH prices have reached a one-month high. However, the biggest high-volume gainer of the day was Solana (SOL), rising 13.6% to above $24.

🌐 Total market value increased by 3% during the day, reaching 1.15 trillion dollars.