Prețul Bitcoin crește prin 51 USD, extinzând obiectivul pe termen scurt al taurilor la 56 USD

The early morning momentum that pushed Bitcoin (BTC) above $50,000 on Oct. 5 continued throughout the day after bulls took control of the market and bid the price of BTC up near the $51,900.

Datele de la Cointelegraph Markets Pro și TradingView shows that after a brief period of consolidation, bulls resumed their drive higher and many analysts are watching to see if BTC price holds the $50,000 level as support.

Since touching $40,885 on Sept. 29, BTC price has rallied 26.8% and reignited traders’ hope for a year-end close above the $100,000 mark, a level which has become the de facto price target for the end of 2021.

Bitcoin to 100k is less than a 2x from current prices.

Lasă asta să se scufunde puțin.

- Ryan Cantering Clark (@CanteringClark) Octombrie 5, 2021

Hold your horses, bulls stil need to reclaim $55,000

Tuesday’s price action was a welcome sight for David Lifchitz, managing partner and chief investment officer at ExoAlpha, who saw the 10% increase on Oct. 1 as a short squeeze that had “no genuine reason to trigger unless it had been fabricated by a large player that wanted to profit from the quiet illiquid market environment.”

Despite the move higher, Lifchitz warned that BTC is not out of the woods yet even though “technical indicators are all pointing to a move up, they have been tricked by the sudden spike of October 1st, just 3 days ago.”

Lifchitz a spus:

“At this point there are 2 possibilities: either bulls get back in the game, push BTC (the barometer…) above $55,000 and we can expect a reach toward the $64,000 all-time high soon after, or they remain skeptical about the move from $44,000 to $48,000 in just 2 minutes and may not have enough firepower to go past $53,000-$55,000, at which point BTC could just go back in the middle of its 5-month-old $40,000-$50,000 range.”

Related: Prețul Bitcoin a revenit la 50 de dolari, dar exact cât de „bullish” sunt taurii?

Long term range high targets $320,000 and above

A more macro, long-term perspective was provided by crypto trader and pseudonymous Twitter user ‘Pentoshi’, who postat the following chart highlighting t multi-year trading range for BTC.

Pentoshi said:

“Range trading is clean but when BTC trends hard, it trends. These are my ranges on the macro. Looking to take the range highs.”

According to the chart provided, BTC price could reach a range high of $323,216 sometime in 2022.

Limita globală a pieței criptomonedelor se ridică acum la 2.229 trilioane de dolari, iar rata de dominație a Bitcoin este de 43.5%.

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Source: https://cointelegraph.com/news/bitcoin-price-pushes-through-51k-extending-bulls-short-term-target-to-56k