A Bitget analyst predicts that Bitcoin’s “imminent” price breakout will come with “occasional cool-offs” unless there’s stronger confidence in a “pro-Bitcoin” president taking office.
Bitcoin (BTC) could be nearing a test of its all-time high, but how quickly traders will take profits remains uncertain, says a crypto analyst.
“Should history repeat itself, Bitcoin is likely to retest its all-time high above $73,750 from the third week of October into November,” Bitget chief research analyst Ryan Lee told Cointelegraph.
Lee explained there are signs of a Bitcoin “breakout imminent in the coming month,” but the price action may get choppy.
