Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels.
Bitcoin (BTC) recovered sharply and is nearing $62,500 on Oct. 11, indicating aggressive buying at lower levels.
However, analysts are divided about the next directional move for Bitcoin. During a panel discussion at the Permissionless conference, 10T Holdings founder Dan Tapiero said that Bitcoin was headed to“ $100,000 relatively soon.”
In contrast, analyst Cole Garner said in a post on X that Bitcoin could capitulate as the liquidity is tightening in the near term. He expects Bitcoin to fall to below $50,000.
