Bitcoin
BTC$28 068.88

1.33%

Ethereum
ETH$1 796.91

2.35%

Tether
USDT$1.001141

-0.09%

Binance Coin
BNB$323.51

-0.44%

USD Coin
USDC$0.999580

0.05%

XRP
XRP$0.427684

-3.54%

Bitcoin gains $2K in hours after BTC price bounces near previous all-time high


21 Oct 2021

#Bitcoin

Weak stocks and fresh worries over Evergrande fail to keep Bitcoin down for long as $67,000 all-time highs reappear on the horizon. Bitcoin (BTC) passed $66,000 again on Oct. 21 after fresh macro turbulence sparked a retest of previous all-time highs. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a dip to $64,000 overnight. The move had come in step with a comedown in stocks, which were reacting to renewed concerns over Chinese property giant Evergrande.

Nonetheless, Bitcoin managed to preserve higher levels, resulting in only a brief trip below the $64,900 threshold, which had held as the BTC record since April this year.

“Markets always go higher than the majority expects. Probably what will happen in coming months,” a still bullish Cointelegraph contributor Michaël van de Poppe summarized to Twitter followers.

$75,000 next target

Wednesday, Oct. 20, saw new all-time highs of over $67,000 after a squeeze took BTC/USD $3,000 higher. The monthly candle for October, analysts noted, is already larger than the entire Bitcoin all-time high from December 2017.

“BTC is testing its old ATH for support,” Dutch crypto consultancy and education platform Eight wrote in its latest update on the day. “If we bounce from here some levels to keep an eye on are around 75k, 87k, and 96k, derived from recent price action using the Fibonacci retracement tool.”

As Cointelegraph reported, Fibonacci is responsible for long-term BTC price findings, which currently put the peak of this cycle’s bull run at as much as $300,000. The trough, by contrast, could be anywhere from $47,000 to $60,000 — still an order of magnitude higher than last cycle’s $3,100 floor.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 69.6% 54 $28 068.88 1.33% 7.74% $542 479 232 239 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 79.6% 39 $1 796.91 2.35% 4.75% $219 895 368 505 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.001141 -0.09% -0.12% $78 575 681 204 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 74.4% 51 $323.51 -0.44% -2.98% $51 078 681 358 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.6% 2 $0.999580 0.05% -0.01% $34 405 741 418 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 84.4% 21 $0.427684 -3.54% 15.97% $21 790 915 468 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 62% 82 $0.105273 -13.59% 20.81% $18 255 461 602 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 78.4% 44 $0.362363 -2.84% 8.30% $12 581 690 970 ADA 7 days price change
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11 Polygon (MATIC) MATIC Polygon predictions 76% 47 $1.12 -0.15% -5.20% $9 805 540 362 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 70.4% 52 $21.64 -0.45% 7.94% $8 303 091 244 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999779 0.02% -0.10% $8 062 237 832 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 75.6% 49 $6.21 0.24% -1.17% $7 268 180 249 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 73.2% 59 $92.99 5.58% 13.69% $6 746 412 901 LTC 7 days price change

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