Hope

Carl

Bitcoin

COTI

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surpasses-66660-and-offers-hope-for-october/" data-wpel-link="internal">Bitcoin Surpasses $66,660 and Offers Hope for October</a> 
Bitcoin (BTC) is currently on a quest for new highs, exceeding $66,660 and pulling its daily peak higher. The formation of a higher low after the recent decline has encouraged <a href="https://en.coin-turk.com/usd-coins-market-share-doubles-factors-contributing-to-its-growth/" data-wpel-link="internal">cryptocurrency</a> traders for the remainder of October. It is difficult to predict whether this attempt will succeed, but historical data suggests this time might be different. 
<h2 style="text-align: justify" id="what-will-be-the-price-of-bitcoin">What Will Be the Price of Bitcoin?</h2> 
Different analysts have varied predictions. Considering the decreasing growth rate from cycle to cycle, a target of $120,000 for BTC is deemed reasonable. Mister Crypto shared a chart in his recent assessment, indicating that Bitcoin could reach $120,000 if it breaks its current bullish flag. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397325 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/btc-hedefi-mister.jpg" alt="" width="2266" height="1252"> 
Moustache pointed out the contradiction faced by those expecting lower lows. Those who targeted $44,000 in the previous significant drop are now setting a low target of $58,000. However, BTC continues to reach new highs as this article is being prepared. 
<blockquote> 
 “It’s funny that bears initially expected $44,000 and now assume BTC will drop to $58,000. This tells me one thing: 
 We will rise even higher. 
 Let it begin.” 
</blockquote> 
<h2 style="text-align: justify" id="eth-and-coti-coin-predictions">ETH and COTI Coin Predictions</h2> 
Volumes in <a href="https://en.coin-turk.com/bitcoin-btc-current-status-what-do-the-latest-data-tell-us/" data-wpel-link="internal">cryptocurrencies</a> continue to recover alongside the rise, confirming that the increase is supported by more investors. Traders accustomed to making profits through narrow-range trades now risk being caught off-guard by significant breaks. Kyle recently shared a chart for COTI Coin, indicating that the time for a breakout has arrived. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397326 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/coti-coin.png" alt="" width="1835" height="891"> 
In his expected bullish scenario, the target is $0.155, but a downward break could remarkably lead to a new low at $0.07. The latest analysis shared by Carl also expects a breakout for Ethereum . His ETH chart is now adequately challenging the resistance level and could continue up to $3,400 when the rise begins. 
<blockquote> 
 “ETH is at the resistance of this large Symmetrical Triangle. If it breaks, the target is $3,400.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397327 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/eth-3400-dolar-hedefi-scaled.jpg" alt="" width="2560" height="1186"> 
As this article is being prepared, the price of ETH has increased by 3%, reaching approximately $2,660. The total trading volume of all cryptocurrencies has reached $93 billion, with a 23% increase in volume. The cumulative value of cryptocurrencies has surpassed $2.34 trillion, leading Poppe to believe that the breakout target for new all-time highs could be realized. 
The post <a href="https://en.coin-turk.com/bitcoin-surpasses-66660-and-offers-hope-for-october/" data-wpel-link="internal">Bitcoin Surpasses $66,660 and Offers Hope for October</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Surpasses $66,660 and Offers Hope for October

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