Analysts warn that Bitcoin price might not be going “to the moon” all in one go.
Bitcoin’s (BTC) move beyond the $68,000 price level has traders optimistic that this is the run that will lead to retesting its $73,679 all-time high, but not all analysts agree it will be so smooth.
“The prudent move may be to expect a final dip before the market attempts another leg up,” Hyblock Capital CEO Shubh Varma opined in an Oct. 16 report viewed by Cointelegraph.
Bitcoin price in USD. Source: TradingView
