Bitcoin All-Time High Could Be Just Days Away from a New Record
The post Bitcoin All-Time High Could Be Just Days Away from a New Record appeared first on Coinpedia Fintech News
October is generally a favorable month for Bitcoin. In the previous year, the Bitcoin market reported an impressive rise of 28.5% in October. Although, in the initial days of this month, it appeared largely doubtful whether the market could rise up to the general expectation, the way the market has behaved lately indicates that it is too early to rule out any possibility. In the last seven days alone, the market has recorded a notable increase of 5.3%.
Yesterday, the BTC market broke the previous month’s high, marking a monthly high of $66,096. The big question now is: can the newly gained momentum enable the market to break above the Bitcoin all-time high level of $73,000? Listen to what experts have to say!
Bitcoin Approaching Crucial $68K ResistanceCrypto expert Captain Faibik recently shared his optimistic view about BTC’s growth in an X post. His post highlighted the significance of the $68K resistance level. Faibik’s resistance level theory was backed by the chart, which revealed the existence of a wedge pattern. As per his opinion, if the market breaks above this wedge pattern (or above the 68K resistance level), it could reach a level between $88K and $90K.
$BTC so far, so good..