Need some bitcoin “hopium”?The chart requires that the BTC price hit a record high by November


Bitcoin (Bitcoin) It is expected to hit a record high this month. If the latest price data is accurate, it will reach at least $72,000 in November.

in a tweet On October 12th, Filbfilb, an analyst at the trading platform Decentrader, described what he said could be achievable price targets for this month and next month.

BTC price rises to 72,000 USD? “Something strange happened,” the trader said

So far, “Uptober” has provided reliable bullish results, and analysts are keen to map where the Bitcoin bull market may lead in the fourth quarter.

As Cointelegraph ReportSome forecasts use historical price comparisons or even simple calculations to achieve the near-term BTC/USD target of up to 300,000 US dollars.

For Filbfilb, returning to all-time highs of $64,500 and higher in the next few weeks is still a “gold coin”, but the overall bullish Bitcoin market may not require much inspiration to achieve it.

“Some good news plus stubborn hodlers, but it may… strange things have happened,” he commented.

However, despite the upward trend, he added that now is not the time to take risks, and traders are advised not to use large amounts of leverage on long or short positions.

The attached chart compares 2021 with 2017, which is one year after the last block subsidy halving event.Therefore, it seems possible to rematch the all-time high before the end of October. This match Existing forecast.

BTC/USD price comparison.Source: Filbfilb/Twitter

The bet rises at the reserve price of $45,000

At the same time, on the topic of potential retracements, due to the lack of broad selling interest, Filbfilb proposed an idea of ​​$48,000.

related: The price of BTC reached a five-month high of $57,000-5 things worth paying attention to in BTC this week

“My head says it’s 48, but fundamentally speaking, there doesn’t seem to be any seller besides the commodities on the exchange. Idk, I am 50/50,” he Said In the Twitter comments.

Once the resistance is close to 60,000 USD, this corresponds to Decentrader’s own goal of approximately 45,000-50,000 USD.

“Similar to the previous event, we subsequently saw a pullback to retest the 50-1000 USD level, which is the level we expected again,” Market update Warning later last week.

“It is worth noting that in this case, a pullback to an important level of $50,000 is usually untenable at the first inquiry, so we will observe price movements in the vicinity because the price may slowly fall back to 45,000. U.S. dollars, as we have seen in February this year.”

At the time of writing, the BTC/USD trading price within 24 hours is $57,400. Ranging behavior It was followed by a five-month high.