• Bitcoin celebrates its 17th White Paper anniversary, marking major progress in global decentralized digital finance innovation.
• The crypto market closely watches BTC maintain strong support above the crucial psychological $100K price level.
• Analysts caution that Bitcoin may enter the time capitulation phase before another significant upward movement occurs.

Bitcoin (BTC) marks the 17th anniversary of the publication of the White Paper today, celebrating the turning point the cryptocurrency achieved in the development of the digital financial sector. The crypto market is closely watching whether Bitcoin will be able to stay above the key level of $100K at this point.

Crypto Community Honors Bitcoin Anniversary

The crypto community is also commemorating an important historical event. As reported by Simon Gerovich, the 17th anniversary of the publication of the White Paper of BTC was marked on Halloween Day, October 31st, in the year 2025.

On this day in the year 2008, the pseudonymous programmer Satoshi Nakamoto published the document ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ in the crypto space, which heralded the birth of blockchain and decentralized cryptocurrencies in the finance sector around the globe.

As members, investors, and businesses celebrate this remarkable milestone, sector participants are still emphasizing the development of BTC from being an experimental Internet asset to a worldwide store of value. Throughout the years, the entity of Bitcoin has received recognition from prominent financial institutions and millions of citizens around the world.

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Bitcoin Price Faces Crucial Support Zone

Meanwhile, analysts are closely focusing on an important technical analysis for the crypto market today. Prominent crypto analyst Ted highlighted the possible entry of the price of BTC into the time capitulation phase, which often takes place ahead of a major price movement in the market.

He mentioned the importance of the price of Bitcoin to keep consolidating above the key level of $100,000 in order to retain the bullish trend in the market.

At press time, BTC is trading at $110,145, based on a market cap of $2.20 trillion and a trading volume of $60.13 billion within the last 24 hours. With a 0.7% price increase over the last 24 hours, BTC appears to be stable, despite the pullback in the crypto market.

With the anniversary event having positive impacts on the sentiment around the cryptocurrency, the fact that the price levels are still holding up well sparks questions about whether the next major price movement for BTC may be a bull run. As November comes around the corner, attention remains fixed on whether the world’s first cryptocurrency will hit new record highs yet again.

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