Bitcoin (BTC) stayed higher on Oct. ii after a "fantastic" break to the upside upended market sentiment.

BTC/USD ane-hour candle nautical chart (Bitstamp). Source: TradingView

Trader eyes $45,000 BTC cost flooring

Data from Cointelegraph Markets Pro and TradingView followed eerie calm on BTC/USD after Oct. 1's sudden upside volatility saw $three,000 added in an 60 minutes.

The classic "short clasp" saw no significant pushback into the weekend, with Bitcoin preserving levels in a higher place the August close.

For Cointelegraph contributor Michaël van de Poppe, it was now a question of what class a consolidation menses could take in the coming days.

"If we want to become any corrective motility at all, I recollect you don't desire to see it go that far down," he warned in a YouTube update on Oct one.

"I think the deepest you want to come across it go is this level around $45,000."

Van de Poppe still added that he favored bullish continuation as the conclusion to brusk-term price activity rather than a deeper drop toward levels from before in the week.

A look at buy and sell levels on major substitution Binance meanwhile reveals incremental resistance in identify beginning at $48,000.

BTC/USD buy/sell levels (Binance) on October. 2. Source: Textile Indicators

"Extreme fright precedes fiscal opportunity"

Equally optimistic was trader and analyst Rekt Capital, who noted that BTC/USD had been printing higher lows for four months, all of which had seen strong buyer support despite the price rising each time.

Related: 'Say hi to Uptober' — Bitcoin price surges to a higher place $47K in minutes, liquidating $270M in shorts

Referencing the Crypto Fear & Greed Index sentiment gauge, he noted that overall, fright ha once more left the marketplace thanks to October. 1's price activeness.

"Post-obit BTC's fantastic breakout motion yesterday... Investors are no longer fearful towards Bitcoin," he summarized.

"Farthermost Fearfulness precedes fiscal opportunity."

The Fear & Greed Index was languishing in its "extreme fearfulness" zone as recently equally Sept. 30, its score since increasing from twenty/100 to its current levels of 54/100, described as "neutral" sentiment.

Crypto Fearfulness & Greed Alphabetize as of Oct. ii. Source: Culling