Market Wrap: Bitcoin All-Time High Expected, but Not Before a Pullback

[Tanimariya]

The options market is placing a 20% probability on bitcoin ending the month at a new all-time high above $65,000. Bullish sentiment continues to grow after bitcoin’s price broke above $57,000 on Monday. BTC is up about 3% over the past 24 hours, extending its outperformance compared to alternative cryptocurrencies.

Analysts see continued upside, with some calling for a return to the all-time high near $63,000 this quarter.
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[lepbagong]

All analysis certainly leads to an increase in bitcoin and it is inevitable because all are optimistic about what will happen next to bitcoin at the end of this year. Instead I predict that ATH will be formed in November 2021, this is seen from the equation when after the halving occurred in 2013.

Will it really happen in November? everything can go wrong because bitcoin is hard to guess. we can only see from the behavior that is often done all the time and that we make a foothold. besides of course good or bad news that might happen along the way.

but the optimism is there after the achievement of bitcoin being able to break long at the crucial figure of $55K, hopefully it will continue to move up and not fall below $50K which might happen, but it will take time to get up again and can not be optimal.