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 | 59.6% | 88 | $16 214.11 | -2.13% | 1.16% | $311 614 263 633 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 62.4% | 86 | $1 173.09 | -3.68% | 4.41% | $143 555 103 439 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $0.999652 | 0.01% | 0.09% | $65 339 950 174 |  |
|
| 4 |  BNB |
Binance Coin predictions | 65.2% | 66 | $295.36 | -5.89% | 14.59% | $47 249 279 709 |  |
|
| 5 |  USDC |
USD Coin predictions | 94.4% | 1 | $1.000133 | 0% | 0% | $44 306 782 850 |  |
|
| 6 |  BUSD |
Binance USD predictions | 92% | 1 | $1.000432 | 0.05% | -0.07% | $22 411 208 216 |  |
|
| 7 |  XRP |
XRP predictions | 66.4% | 75 | $0.383127 | -4.51% | 8.98% | $19 270 803 660 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 56% | 88 | $0.095272 | -2.20% | 25.28% | $12 639 864 763 |  |
|
| 9 |  ADA |
Cardano predictions | 59.2% | 81 | $0.306279 | -3.57% | 0.59% | $10 546 382 458 |  |
|
| 10 |  STETH |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 68.8% | 68 | $0.822110 | -4.08% | 2.56% | $7 180 572 486 |  |
|
| 12 |  DOT |
Polkadot predictions | 63.6% | 72 | $5.17 | -4.71% | -0.87% | $5 890 126 421 |  |
|
| 13 |  DAI |
Dai predictions | 95.2% | 1 | $1.000012 | 0.01% | -0.02% | $5 658 040 659 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 64% | 79 | $0.052681 | -0.98% | 5.20% | $5 356 385 320 |  |
|
| 15 |  LTC |
Litecoin predictions | 66% | 70 | $71.96 | -6.30% | 18.17% | $5 160 456 948 |  |
