🚀 Bitcoin prices jumped nearly 4% today, hitting $28,000 in Monday morning's Asian trading session. This is the highest price of BTC since August 17, but there is strong resistance at this level.

CrediBULL Crypto analysis says, “Every higher time frame impulse starts with a lower time frame impulse.” He added that BTC is not done yet and expects a move higher, which comes on Monday morning.

Bitcoin rally driven by spot trading. With current market liquidity, a spot purchase of a few thousand bitcoins is enough to support the entire bull market.

Additionally, this large move liquidated many short positions in the derivatives market.

However, trader and analyst Alex Krüger is not as bullish, predicting another crash.

Meanwhile, Ethereum saw a 3.2% gain in the last hours to reach $1,726 at the time of writing. As a result, the price of ETH is at its highest level for a month.

However, the biggest high-cap gainer of the day was Solana (SOL), surging 13.6% to over $24 at the time of writing. Additionally, SOL has risen 24% over the past week leading up to the start of the Sam Bankman-Fried trial, which begins on October 3.

Total market capitalization rose 3% today to $1.15 trillion.

What do you think about this Bitcoin price increase? Do you agree with CrediBULL Crypto or Alex Krüger's analysis? Share your opinion in the comments column! 😄