Kraken Analyst: BTC May Hit All-Time Highs in Next Phase
On Oct. 26, Kraken analysts said that bitcoin remains in an uptrend as long as it stays above $66,500. The analysts also noted that if Bitcoin is able to continue to rise, the next key stage will be the all-time high of $73,679 set in March, and a successful break above this level could open the door to new price discoveries and further upside momentum. In response to the previous drop in Bitcoin's price from $66,500 to $65,700 at one point, cryptocurrency trader Herdy analyzed that this could have been the market reacting to Tether's FUD, and subsequent events such as Israel and Iran.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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