TL;DR
Bitcoin (BTC) has been on a tear lately, with its price tapping a 10-week high of almost $68,000 on October 15. In the following hours, it experienced enhanced volatility to stabilize to its current $67,700 (per CoinGeckoās data).
BTC Price, Source: CoinGecko
The impressive resurgence caught the eye of many industry participants, some of whom claimed that āUptoberā is finally here. One popular analyst who chipped in is the X user Ali Martinez.
He believes BTC could explode to a new all-time high of around $86,600 should it break the $67,400 resistance mark. As mentioned above, the assetās valuation currently trades above the depicted level.
Captain Faibik is another analyst who weighed in. The X user presented a price chart showing that as of the moment BTC is testing a ācrucial resistanceā of around $68K for the sixth time.
Multiple market observers think November could also be a highly successful month for BTC, assuming Donald Trump wins Americaās presidential elections (scheduled for November 5). One popular X user who believes the assetās valuation will skyrocket to the coveted $100,000 if that is the case is Crypto Rover.
Recall that Trump made a U-turn in the past several months, presenting himself as the right choice for pro-crypto voters and promising to let the industry thrive should he enter the White House as a winner.
According to Polymarket, he has a nearly 60% chance to emerge victorious versus 40.8% for his opponent from the Democratic party ā Kamala Harris. National polls, though, indicate that the Republican is currently the underdog with 46.1%, while Harris collects the support of 48.5% of the voters.
The post Bitcoin (BTC) Price May Soar to an All-Time High Soon, But Thereās a Catch appeared first on CryptoPotato.
- Bitcoin recently surged to nearly $68,000, with analysts predicting a potential rise to $86,000-$90,000 if certain resistance is broken.
- Some believe BTC could hit $100,000 if Donald Trump wins the upcoming US election, due to his pro-crypto stance.
How High Can BTC Go?
Bitcoin (BTC) has been on a tear lately, with its price tapping a 10-week high of almost $68,000 on October 15. In the following hours, it experienced enhanced volatility to stabilize to its current $67,700 (per CoinGeckoās data).
BTC Price, Source: CoinGecko
The impressive resurgence caught the eye of many industry participants, some of whom claimed that āUptoberā is finally here. One popular analyst who chipped in is the X user Ali Martinez.
He believes BTC could explode to a new all-time high of around $86,600 should it break the $67,400 resistance mark. As mentioned above, the assetās valuation currently trades above the depicted level.
Captain Faibik is another analyst who weighed in. The X user presented a price chart showing that as of the moment BTC is testing a ācrucial resistanceā of around $68K for the sixth time.
More Surges Next Month?
Multiple market observers think November could also be a highly successful month for BTC, assuming Donald Trump wins Americaās presidential elections (scheduled for November 5). One popular X user who believes the assetās valuation will skyrocket to the coveted $100,000 if that is the case is Crypto Rover.
Recall that Trump made a U-turn in the past several months, presenting himself as the right choice for pro-crypto voters and promising to let the industry thrive should he enter the White House as a winner.
According to Polymarket, he has a nearly 60% chance to emerge victorious versus 40.8% for his opponent from the Democratic party ā Kamala Harris. National polls, though, indicate that the Republican is currently the underdog with 46.1%, while Harris collects the support of 48.5% of the voters.
The post Bitcoin (BTC) Price May Soar to an All-Time High Soon, But Thereās a Catch appeared first on CryptoPotato.
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