Bitcoin gains $2K in hours after BTC price bounces near previous all-time high
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 87.2% | 23 | $64 742.01 | 0.64% | 1.77% | $1 274 780 684 025 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72.4% | 51 | $3 172.49 | 0.83% | 3.31% | $387 195 965 458 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000151 | 0.10% | -0.03% | $110 480 177 546 |  |
|
| 4 |  BNB |
Binance Coin predictions | 85.2% | 20 | $613.50 | 0.94% | 11.20% | $90 545 078 851 |  |
|
| 5 |  SOL |
Solana predictions | 63.2% | 71 | $147.24 | -1.60% | 4.31% | $65 823 089 907 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 2 | $1.000116 | 0.02% | 0.01% | $33 249 140 497 |  |
|
| 7 |  XRP |
XRP predictions | 68.8% | 62 | $0.529314 | -0.40% | 5.30% | $29 180 648 027 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 68% | 60 | $0.153170 | 0.05% | 0.04% | $22 061 749 961 |  |
|
| 9 |  TON |
Toncoin predictions | 69.6% | 66 | $5.50 | -2.44% | -15.91% | $19 105 766 327 |  |
|
| 10 |  ADA |
Cardano predictions | 66% | 72 | $0.477005 | -0.38% | 4.34% | $16 997 547 087 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 61.2% | 82 | $0.000026 | 0.41% | 14.42% | $15 421 640 594 |  |
|
| 12 |  AVAX |
Avalanche predictions | 64% | 68 | $36.13 | -2.09% | 2.94% | $13 663 299 708 |  |
|
| 13 |  TRX |
TRON predictions | 86% | 21 | $0.117251 | 3.17% | 7.44% | $10 267 623 783 |  |
|
| 14 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 85.2% | 19 | $0.117125 | 3.03% | 7.70% | $10 256 553 245 |  |
