Bitcoin
BTC$16 214.11

-2.13%

Ethereum
ETH$1 173.09

-3.68%

Tether
USDT$0.999652

0.01%

Binance Coin
BNB$295.36

-5.89%

USD Coin
USDC$1.000133

0%

Binance USD
BUSD$1.000432

0.05%

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 59.6% 88 $16 214.11 -2.13% 1.16% $311 614 263 633 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 86 $1 173.09 -3.68% 4.41% $143 555 103 439 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $0.999652 0.01% 0.09% $65 339 950 174 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 65.2% 66 $295.36 -5.89% 14.59% $47 249 279 709 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000133 0% 0% $44 306 782 850 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $1.000432 0.05% -0.07% $22 411 208 216 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 66.4% 75 $0.383127 -4.51% 8.98% $19 270 803 660 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 56% 88 $0.095272 -2.20% 25.28% $12 639 864 763 DOGE 7 days price change
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11 Polygon (MATIC) MATIC Polygon predictions 68.8% 68 $0.822110 -4.08% 2.56% $7 180 572 486 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 63.6% 72 $5.17 -4.71% -0.87% $5 890 126 421 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 95.2% 1 $1.000012 0.01% -0.02% $5 658 040 659 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 64% 79 $0.052681 -0.98% 5.20% $5 356 385 320 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 66% 70 $71.96 -6.30% 18.17% $5 160 456 948 LTC 7 days price change

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