Bitcoin $65,645 (BTC) is searching for a new high at the time of writing and is pulling up its daily high by exceeding $66,660. The fact that a higher bottom was made after the last decline made cryptocurrency investors hopeful for the rest of October. It is difficult to predict whether this trial will be successful, but historical data suggests that this time may be different.
How Many Dollars Is Bitcoin?
Every analyst has different predictions. Taking into account the decreasing growth rate from cycle to cycle, the target of $ 120 thousand for BTC can be considered reasonable. Mister Crypto also shared the chart below in his latest evaluation and wrote that Bitcoin could reach 120 thousand dollars if it breaks the current bull flag.
Mustache, on the other hand, drew attention to the contradiction experienced by those who expect lower bottoms. Those who targeted $44,000 in the previous big drop are now aiming for a bottom at $58,000. However, on the contrary, BTC continues to make new peaks at the time of writing.
“The bears first waited for 44 thousand dollars and now BTCFunny how they assumed it would drop to $58k. This tells me only one thing:
We will rise even higher.
Let it begin.”
ETH and COTI Coin Prediction
Crypto Volumes in currencies continue to recover with an increase. This confirms that the rise is supported by more investors. Investors who are accustomed to making profits by trading in a narrow range now run the risk of being left in the opposite corner by big breaks. Kyle in his analysis a few hours ago COTI CoinHe shared the graphic below and wrote that it was time to break.
In the expected upward scenario, the target is $0.155, but if the downward break occurs surprisingly, a new bottom may be seen at $0.07. The final analysis was shared by Carl. Room Ethereum $2,611 A breakout awaits. The ETH chart he shared is now pushing the resistance level enough and when the rise begins, it can continue up to $3,400.
“ETH is at the resistance of this large Symmetric Triangle. “If it breaks, the target is $3,400.”
At the time of writing, the ETH price increased by 3 percent to $ 2,660. The total transaction volume of all cryptocurrencies reached 93 billion dollars and the volume increased by 23 percent. The cumulative value of cryptocurrencies has exceeded $2.34 trillion, making Poppe’s breakout goal for the new ATH possible.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.