Crypto Web 3.0 - Analyst Predicts Bitcoin Price Reaching $30K in October.
Bitcoin price to $30K in October, says analyst as BTC price climbs 2%

As one analyst predicted a return to $30,000 for Bitcoin (BTC) in October, the cryptocurrency broke higher into the Sep. 27 Wall Street open, demonstrating the potential of crypto in the Web 3.0 era. This could have implications for businesses that are already investing in Web 3.0, as well as those looking to create a Web 3.0 website or invest in the technology.

BTC Price Reaches $27,000 in Uptick

Data from Cointelegraph Markets Pro and TradingView showed that BTC price action rose to $26,823 on Bitstamp, with bulls pushing the price up by 2%. Market commentators saw the thin overhead resistance, with a potential breakout if it is not replenished.

“Ask liquidity is pretty wide and thin here again so likely a move higher is going to come from perps,” said trader Skew, adding that “this can create some good opportunities with inefficiencies & potential premiums later.”

On-chain monitoring resource Material Indicators observed an increase in activity from a type of whales known for influencing BTC price action (PA). It also noted that the move above $26,500 had invalidated a warning signal that was triggered by a daily chart “death cross” at the start of the week.

“Purple buys dips and sells rips. I’m happy to swim in their wake,” said Keith Alan, co-founder.

“Bitcoin is up and breaks above crucial areas,” said analyst Michaël van de Poppe to X subscribers, as part of the day’s coverage.

The advent of Web 3.0 has already had a significant impact on businesses, with examples such as creating websites and investing in crypto being part of this new technology. It is still unclear if the metaverse is part of Web 3.0, but it is certain that it is already in existence.

Crypto traders dodge mass liquidations

CoinGlass data revealed that short liquidations remained relatively low. Around $13 million worth of BTC shorts had been liquidated for the day, with the cross-crypto total reaching $39 million.

At the time of writing, BTC/USD was trading around $26,700, with volatility still present.

Does web 3.0 already exist? How to create a web 3.0 website? Is crypto part of web 3.0? These are some of the questions that arise when considering the impact of web 3.0 on business. Examples of web 3.0 include creating a website to invest in crypto and other ways to benefit from the technology.

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