Bitcoin (BTC) price has touched levels pretty close to its all-time high (ATH) starting this month with a bullish run. Only $ 6,000 remained between the record of BTC, which exceeded $ 58,000 in the morning. However, the leading cryptocurrency could not hold on to this point and fell to $57,000. So, at what levels are the analysts’ targets?
Delighting Bitcoin predictions from Filbfilb
Filbfilb, an analyst at the Decentrader trading platform, said in a tweet on Tuesday that he has an attainable price target for this month and the future. With October showing solid bullish results so far, analysts are keen to show where the Bitcoin bull run could lead in Q4.
For Filbfilb, there remains “hope” of a return to previous all-time highs at $64,500 and beyond in the coming weeks, but the overall bullish Bitcoin market may not need much hope to deliver it. “This is possible as a result of some good news coming in with stubborn HODLers… Stranger things have happened,” he said. cryptocoin.com As we have previously reported, Filbfilb knew the levels of 3,150, 6,500, 10,000, and 3,800 dollars in BTC.
However, despite the uptrend, he added that now is not the time to take risks, advising traders not to use heavy leverage for long or short positions. He also shared the chart above comparing 2021 and 2017, the year after the previous halving. Accordingly, a new price appears possible at all-time highs by the end of October, which matches current forecasts.
Bets rise against the backdrop of $45,000 Bitcoin price
Meanwhile, on a possible pullback, Filbfilb discussed the idea of returning to $48,000 due to a lack of broad selling interest. “My head says 48 but basically there doesn’t seem to be any sellers beyond what’s on the exchanges. I don’t know, I’m thinking 50/50,” he said.
This reflects Decentrader’s own targets of around $45,000–50,000. A market update shared late last week stated, “Similar to previous events, we later saw a correction to retest the $50-1k level we expected again.” BTC is trading at $57,163, up 1.3 percent at the time of writing.
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