Traders expect Bitcoin downside price action to continue but also agree that in the coming weeks, $73,000 could occur “fairly quickly.”
Bitcoin (BTC) analysts are eyeing targets just below its current all-time high of $73,679. However, they caution that despite the strong chart structure following its push above $69,000, the road ahead may be volatile.
Bitcoin “is looking incredibly strong right now on the technical front,” digital asset investment platform ZeroCap chief investment officer Jonathan de Wet wrote in an Oct. 22 analyst note viewed by Cointelegraph.
Bitcoin is trading at $67,054 at the time of publication, down 0.40% since Oct. 21. Source: TradingView
