Bitcoin Maintains October Streak, Hitting $65K Soon?
Bitcoin (BTC/USD) tests the $63,000 level with possibilities of overpowering the area and maintaining its gains. The dominant coin seems to have all it takes to attain higher levels in the coming few days.
Bitcoin has been rising since we started this month. The crypto maintains somewhat slight bullish but mixed trends. Though without massive increases, BTC has maintained a steady upsurge, touching some of its vital levels recorded since the year started.
A New ATH for Bitcoin?
At the moment, Bitcoin stays a few thousand away from its record peak. If it explores a level above $65,000, it will achieve a positive trajectory. Remember, Bitcoin has its all-time peak at $63,503, attained in April before the overall market suffered a crash. Analysts have been predicting new highs for the leading coin since months ago. For now, BTC seems to have enough momentum to take its price to new levels.
Meanwhile, will the surge to new highs mean that Bitcoin and the market will suffer a plunge once more? The world’s dominant cryptocurrency surprisingly performed well regardless of the attack by China and environmental enthusiasts.
Bitcoin has witnessed unpredictable movements during today’s sessions, attaining an intraday peak of $63,097 before suffering a loss towards the $61,756 low. Such volatility might challenge Bitcoin’s move to $64,000, then $65,000, especially with some factors that appear to work against the coin.
Should You Invest In BTC Now?
Though Bitcoin has enjoyed a steady upsurge this month, the advancement hasn’t been flat. The largest coin by market cap has endured multiple downs and ups since 1 October, including somewhat serious downswings in the past few days.
Meanwhile, Bitcoin maintains its volatility as usual. With that, there’s no guarantee that Bitcoin will extend its upswings and no massive reasons to say that you should invest at the current price levels. However, it might not be that time to invest massively in the coin as it has never rallied well beyond its current levels. Bitcoin will likely fall to battle the price area at $60,000 in the upcoming trading sessions.
Bitcoin crossed the 450K level recently and kept its price movements around $40,000 during September sessions. Modern Money Management CFP Nate Nieri commented that Bitcoin has higher chances to plummet massively and small probabilities of winning big.
Good Luck
