Bitcoin can be pointed out for further acquisitions in the early weeks after the new record high on Sunday, according to analysts.
“Now that we make new ATHS in an aggressive way, the next leg at $ 150k+ has begun,” the fi rst crypto analyst ‘Credibull Crypto’ was on Sunday following the Bitcoin (BTC) climb to A Record high of $ 125,700.
The analyst Says We have “exploded” to this current level, suggesting that another high can arrive this week, even without ruling a pullback at $ 108,000 to $ 118,000 zone.
“Sinking in the $ 108 to $ 118k zone is a blessing if we pick them up – and if not, well then enjoy riding at $ 150k+”
The long -term crypto entrepreneur ‘Crypto Chase’ shouted emotionally, Guess On Sunday “a new leg up seemed likely.” If Bitcoin is really strong, “pullbacks will be minor,” they added.
“I feel like the BTC is about to see another ATH for a few hours,” Says Hyperliquid whale businessman James Wynn, added, “I believe the price exploration mode has begun. It has been taken a long time due to price suppression, and gold and stock are getting all the attention.”
Bitcoin, meanwhile According to In tradingview.
Impact of US government -shutdown
Many factors have been linked to the 11% climbing last week, including the US government’s shutdown, which began on October 1.
“We think that because of the US government’s shutdown and other financial pressures, investors could see Bitcoin as a safe shelter, giving them another vehicle to vary -away from the US dollar and treasurys,” Jeff Mei, chief operating officer at the BTSE exchange, told Cointelegraph.
He added that the US dollar is reducing and likely to withdraw more if interest rates are still declining, “It just makes sense that investors provide more capital to other currencies and bitcoin.”
Related: Bitcoin hit all the time high as USD on track for the worst years since 1973: Analyst
The Bitcoin record has come at the same time as the US dollar has seen its worst performance over the decades. The US dollar index, which measures the US dollar against a basket of currencies, has refused more than 12% since the beginning of this year.
The ATH driven by ETF flow
Meanwhile, venture capital investors are Clemente Says The Big Bitcoin Move is not driven by digital assets treasury or derivatives trading, but funds exchanged exchanges, which are “viewing BTC as a rotation from goods and small coverings.”
Bitcoin ETF spots in the US saw “funny numbers” last week with $ 3.2 billion flowing, resulting in their Second best week Since launching, noticed New Gods President Nate Geraci.
Bullish Pay -Time
The combination of these influences and bullish -time – BTC – BTC gained at 8 of the 12 previous fourth quarter and 10 in the past 12 octobers – could lead to another Rally this month.
“It’s not a justifiable -believe we’re going from $ 110k to $ 125k in a single week,” Says Crypto YouTuber Michaël from Poppe on Sunday.
Last week, Capriole Investments founder Charles Edwards predicted Bitcoin’s breakout of over $ 120,000 will lead to a ‘very fast moving’ to $ 150,000.
Magazine: Bitcoin can move ‘very fast’ to $ 150k, altseason’s doubt: Hodler’s Digest
