Bitcoin Price Tackles $9.5K as Analysts Spot Potential Breakout Signal

Bitcoin price was challenging $9,500 on Oct. 29 as the largest cryptocurrency preserved its higher levels after a bullish breakout over the weekend.

Analyst: Bitcoin suggests further upside on the cards.

At press time, Bitcoin was circling $9,430, volatility remaining after a sudden drop to $9,200 earlier in the day.

As Cointelegraph reported, cryptocurrency policy did not feature in officials' latest remarks, which nonetheless appeared to fuel Bitcoin's surge.

"After the last few months of events, I'd feel more comfortable with only bitcoin in my portfolio than none at all," fellow account Rhythm added about Bitcoin's longer-term prospects.

Bakkt, the institutional trading platform which saw all-time highs for its Bitcoin futures in recent days, said its consumer app and Starbucks payment partnership would be live in H1 2020.Altcoins spend a day tracking sideways.

Altcoin markets meanwhile posted a day of flat trading, mimicking Bitcoin's daily performance with 1-2% moves up or down.

The leader in the top ten was Bitcoin Cash, which advanced 10% amid turmoil at major backer Bitmain.

The overall cryptocurrency market cap advanced slightly on the day, reaching $251 billion.

Bitcoin's share fell slightly to 67.7%.Keep track of top crypto markets in real time here.