Bitcoin's price is currently trading at $29,295, up 3.70% in the last 24 hours, outperforming the total cryptocurrency market cap, which increased by 2.86% during the same period. According to our Bitcoin price prediction, BTC is expected to reach $34,944 by October 24, 2023, representing a 21.65% price increase in the next five days. However, the medium-term trend for Bitcoin remains bearish, with BTC dropping by -2.18% in the last three months.

The sentiment in the Bitcoin market is currently bullish, with the Fear & Greed index reading neutral. Key support levels are $28,298, $27,899, and $27,615, while key resistance levels are $28,980, $29,264, and $29,662. Despite the overall bullish sentiment, it is crucial to monitor the market sentiment, key support and resistance levels, and other metrics, as the cryptocurrency markets are unpredictable and display significant price volatility.