According to the crypto trader with the pseudonym Altcoin Sherpa, there is a strong support level in the range of $ 54-58 thousand, after pushing off from which the first cryptocurrency will return to updating the highs
A crypto trader and analyst under the pseudonym Altcoin Sherpa is confident that the price of bitcoin will update its all-time high in November.
According to the trader, next month the rate of the first cryptocurrency may exceed $ 80 thousand (an increase of 28% from current levels).
$BTC: Quick thoughts on #Bitcoin I still think that we'll form a higher low and 54-58k is very solid support. Still expecting all time highs to come barring some huge macro event. pic.twitter.com/O2LyhT0Jhg
— Altcoin Sherpa (@AltcoinSherpa) October 23, 2021
The analyst noted that there was strong resistance at the level of $ 59-60 thousand, but now this mark acts as support.
If this level fails, then bitcoin should push off from the range of $ 54-58 thousand, in which the next support is located, the trader believes.
Over the past weekend, the bitcoin rate fell to $ 59.5 thousand. At 12:45 on October 25, the asset is traded at $ 62.7 thousand, and its capitalization is $ 1.18 trillion. During the day, the cryptocurrency has risen in price by 3%.
