{"id":363023,"date":"2021-11-05T15:55:37","date_gmt":"2021-11-05T12:55:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-only-needs-to-break-64k-to-run-to-new-all-time-highs-analyst\/"},"modified":"2021-11-05T15:55:37","modified_gmt":"2021-11-05T12:55:37","slug":"bitcoin-only-needs-to-break-64k-to-run-to-new-all-time-highs-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-only-needs-to-break-64k-to-run-to-new-all-time-highs-analyst\/","title":{"rendered":"# Bitcoin only needs to break $64K to run to new all-time highs \u2014 Analyst"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bc7564e05b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bc7564e05b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-only-needs-to-break-64k-to-run-to-new-all-time-highs-analyst\/#%E2%80%9CSo_near_yet_so_far%E2%80%9D_for_BTC_price_all-time_high\" >\u201cSo near yet so far\u201d for BTC price all-time high<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-only-needs-to-break-64k-to-run-to-new-all-time-highs-analyst\/#January_2022_comes_into_play_for_cycle_top\" >January 2022 comes into play for cycle top<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin only needs to break $64K to run to new all-time highs \u2014 Analyst <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) stayed rangebound on Nov. 5 as fresh analysis argued that breaking $64,000 would produce a new all-time high.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/b4e88adb-eafd-43c6-9320-2944deb959c3.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CSo_near_yet_so_far%E2%80%9D_for_BTC_price_all-time_high\"><\/span>\u201cSo near yet so far\u201d for BTC price all-time high<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a> showed BTC\/USD drawing little attention as it tracked sideways around $61,000.<\/p>\n<p>After multiple days of such moves, the focus from analysts remained firmly on altcoins as multiple tokens continued to rally to fresh record highs.<\/p>\n<p>For Cointelegraph contributor Micha\u00ebl van de Poppe, however, it would take surprisingly little for BTC price action itself to flip bullish.<\/p>\n<p>In his latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=91lel7r2QnY\">YouTube update<\/a> on the day, van de Poppe argued that $64,000 would provide a springboard for bulls should BTC\/USD break through it convincingly. The level has held as resistance throughout the week, surviving multiple breakout attempts.<\/p>\n<p>\u201cWe\u2019re still chopping between $58,000 and $64,000, and that $64,000 area here is the crucial area that we should be breaking through if we want to get a new all-time high,\u201d he summarized.<\/p>\n<p>He added that should such an event take place, the next resistance zone would not hit until Bitcoin had cleared $72,000.<\/p>\n<p>As Cointelegraph reported, November was already expected to be a month of extremes \u2014 including a return to the mid-$50,000 zone before ending on a high that could top $98,000.<\/p>\n<p>For van de Poppe, however, the likelihood of $98,000 being the \u201cworst-case scenario\u201d monthly close now looked unlikely.<\/p>\n<p>\u201cI think it\u2019s going to be quite hard to get to that level, and I think we might be realizing ourselves that the cycle might take longer than the previous four-year halving cycles,\u201d he said.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"January_2022_comes_into_play_for_cycle_top\"><\/span>January 2022 comes into play for cycle top<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1456546763414904840\">survey<\/a> by PlanB, responsible for the minimum monthly close <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a>, meanwhile, revealed that the majority of respondents believe $288,000 will hit before the start of 2022.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin retests support, with trader forecasting BTC price dip to $55K<\/em><\/strong><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/f0981454-77c0-46dc-bd3e-38d392139edf.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin price prediction survey. Source: PlanB\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>While perhaps hard to imagine at current prices, this ties in with multiple observations, which place 2021 entirely in line with previous bull run years 2013 and 2017.<\/p>\n<p>As such, an order of magnitude increase for this four-year cycle\u2019s top cannot be ruled out, market participants argue.<\/p>\n<p>\u201cMid-Dec to end-Jan still my highest probability window,\u201d popular Twitter account TechDev, well-known for such comparisons, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1456460906037194777\">wrote<\/a>\u00a0Friday. <\/p>\n<blockquote><p>\u201cBet on the story the cycle tells you until it tells you a different one.\u201d<\/p><\/blockquote>\n<p>TechDev previously described a cycle top of up to $300,000 as \u201cprogrammed.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-only-needs-to-break-64k-to-run-to-new-all-time-highs-analyst\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin only needs to break $64K to run to new all-time highs \u2014 Analyst &#8221; Bitcoin (BTC) stayed rangebound on Nov. 5 as fresh analysis argued that breaking $64,000 would produce a new all-time high. BTC\/USD 1-day candle chart (Bitstamp). Source: TradingView \u201cSo near yet so far\u201d for BTC price all-time high Data from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":363024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYTlkMmFhMjAtYWY0YS00MDhkLTk5NGEtYThjYTExNjM3NGFiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-363023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=363023"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/363024"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=363023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=363023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=363023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}