The leading cryptocurrency, which is currently trading at over $66,000, has surpassed the $65,000 level for the first time since October 1.
Earlier, Ethereum, which had a great momentum with BTC making its highest weekly close, recently hit an all-time high of $ 4,790, and is currently trading at $ 4,783.
Interestingly, the prices of both cryptocurrencies rose after the mysterious tweet of Digital Currency Group CEO Barry Silbert. Silbert’s tweets should not be underestimated. As a matter of fact, the famous name with 624,644 followers on Twitter had similar effects before. His tweet about dashing Dogecoin back in May marked the climax of the cryptocurrency’s epic run, which ended infamously with Tesla CEO Elon Musk hosting “Saturday Night Live.”
Going to be a big week
— Barry Silbert (@BarrySilbert) November 7, 2021
Known for his warm attitude to Bitcoin, Silbert said, “It’s going to be a big week!” His tweet received close to 16,000 likes. On the other hand, earlier this month, venture capital giant Digital Currency Group, which controls Grayscale and a few other big names, reached a valuation of $ 10 billion, once again demonstrating how strong it is.
When the Logarithmic Curve indicator, which has previously found bottoms and tops in BTC, which has made a good start to the week, is examined, it is seen that the targets are $ 71,000 and $ 93,000, respectively. As a support level, it turns out that the most important level is in the range of $ 58,000 – $ 60,000 as of now.
In BTC, which has found bottom and top many times before, if the bull continues as in 2017 and the highest level is seen according to the indicator, it is possible to see the levels of $ 180,000 in the middle of 2022.
However, it is of great importance to use stop limit orders, always trading according to the worst-case scenario.
*Not investment advice.