Bitcoin
BTC$37 681.48

-0.27%

Ethereum
ETH$2 035.92

0.43%

Tether
USDT$1.000183

0.01%

Binance Coin
BNB$227.11

0.02%

XRP
XRP$0.601249

-0.85%

Solana
SOL$59.18

-0.37%

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 92% 9 $37 681.48 -0.27% 1.56% $736 940 642 767 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 80% 36 $2 035.92 0.43% -0.76% $244 799 563 339 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000183 0.01% 0.01% $89 298 065 488 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 84% 28 $227.11 0.02% -2.08% $34 451 897 587 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 82.8% 34 $0.601249 -0.85% -2.50% $32 400 459 494 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 62.8% 85 $59.18 -0.37% 4.35% $25 089 628 580 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999957 0% 0% $24 401 331 647 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 72.4% 52 $0.375116 -2.32% -1.57% $13 243 413 179 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 76% 43 $0.083080 3.34% 10.01% $11 801 071 947 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 82.8% 23 $0.103466 -0.21% 2.15% $9 160 819 305 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86% 26 $0.102027 -1.07% 0.74% $9 033 530 734 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 82% 29 $2.42 -0.08% 1.31% $8 291 590 189 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 71.6% 61 $14.41 -0.70% 0.13% $8 021 605 019 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 60.4% 89 $21.01 0.24% 1.29% $7 672 398 976 AVAX 7 days price change

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