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Trader Credible Crypto estimates Bitcoin to be above $69,000 in October

Bitcoin this year (bitcoin) will likely hit all-time highs in October: prediction recently posted on Twitter Trusted Crypto tradersWe will see the upside momentum needed to break the $69,000 wall in the next four months.

BTC above $69,000 by year end?

Bitcoin performed strongly in June and Credible Crypto is confident that this uptrend will continue. But to keep up with previous periods of parabolic growth, BTC/USD will need to print larger and larger green monthly candles:

“What is clear when any parabolic progression is observed is that the bullish momentum is exponentially increasing and eventually reaching a peak. We’ve seen this in both previous spikes, from $3,000 to $14,000 and then from $10,000 to $60,000.”

This time, BTC successfully retested support on monthly timeframes: $25,000 can now act as a stepping stone to a new step”parabolic progression Trusted Crypto explains:

“With that in mind, let’s look at the current situation: the monthly retest is complete and the biggest monthly candlestick we’ve seen so far was a $10,000 move that puts us above the $25,000 monthly level.

In other words, when the expansion starts (it looks like it has already started), I expect to see moves above $10,000 per month. There is a $40,000 gap from current levels to an all-time high: if we are indeed at the beginning of a parabolic move, this $40,000 gap should logically be closed within a few month candles.

The timing of this move remains unclear, but according to Credible Crypto New peak until October”Seems like a pretty logical assumption:

“However, this is just an estimate based on the logic presented above. I’m not saying we will definitely hit all-time highs by October – I predict we’ll hit a new ATH by the end of the year. We’ll see how it unfolds.”

BTC/USD chart. Source: Trusted Crypto/Twitter

Maybe it’s too early to celebrate

As Cointelegraph reported, other traders are also predicting an imminent price increase for BTC.

At the same time, not everyone believes that the Bitcoin ETF filing by BlackRock and other major US financial institutions – the main reason for the recent cryptocurrency rally – will get the SEC consensus: The current regulatory environment in the United States makes it unlikely to obtain approval in the near term., he warned trading company QCP Capital.

The BTC/USD pair is holding firmly above $30,000, according to its data. Cointelegraph Markets Expert And Trade View.

BTC/USD chart. Source: TradingView

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