Major

Bitcoin

BlackRock

<p>Bitcoin, the world’s largest cryptocurrency by market cap, has soared above $71,000, reaching its highest point since June. Analysts like CryptosRUs are predicting that this rally is just beginning, sparking interest in Bitcoin's potential to hit an all-time high within the next week.</p>   
<p>According to CryptosRUs, October has been a strong month for Bitcoin and related stocks. As we enter the final week of October—historically a good time for Bitcoin—they believe this could be a "glorious" week for the cryptocurrency.</p>   
<p>Could this be the long-awaited time when Bitcoin makes history - yet again? </p>   
<h2 class="wp-block-heading" id="h-bitcoin-short-sellers-suffer">Bitcoin Short Sellers Suffer </h2>   
<p>As Bitcoin climbed over $71,000, many short-sellers—investors betting against its rise—faced significant liquidation losses. This wave of liquidations added more fuel to Bitcoin's price increase, creating even more excitement in the market.</p>   
<p>Importantly, Bitcoin has increased over 100% compared to the same period last year, making this October particularly impressive for the cryptocurrency.</p>   
<h2 class="wp-block-heading" id="h-key-levels-to-watch">Key Levels to Watch </h2>   
<p>In recent days, Bitcoin has bounced back from key resistance levels that have now turned into support, indicating a healthy upward trend. Analysts suggest that if Bitcoin experiences a pullback, it will likely find strong support between $70,781 and $71,000, helping it stabilize.</p>   
<p>However, Bitcoin faces a significant hurdle at $71,200. If it can break through this level, we could see a new all-time high within the week.</p>   
<h2 class="wp-block-heading" id="h-big-investments-fueling-the-rally">Big Investments Fueling the Rally</h2>   
<p>The excitement isn't just from charts and patterns, big investments are diving in too. Recently, BlackRock made headlines by buying over <a href="https://coinpedia.org/news/is-blackrocks-1-billion-bitcoin-buy-the-start-of-a-new-era-with-microstrategy/" target="_blank" rel="noreferrer noopener">$1 billion worth of Bitcoin</a> as reported by Coinpedia News.&nbsp;</p>   
<p>Additionally, <a href="https://coinpedia.org/news/breaking-btc-etfs-on-the-brink-of-a-major-milestone-amidst-record-inflows/" target="_blank" rel="noreferrer noopener">Bitcoin spot ETFs</a> have acquired more than $479 million worth of Bitcoin, sending a clear signal that the market is heating up. These large investments could attract more regular investors to join the rally, further supporting Bitcoin’s price.</p>   [post_titles_links postid="373712"]   
<h2 class="wp-block-heading" id="h-all-eyes-on-the-u-s-election">All Eyes on the U.S. Election </h2>   
<p>The <a href="https://www.youtube.com/watch?v=aP2Q_7rzNs0&amp;pp=ygUadXMgZWxlY3Rpb24gMjAyNCBjb2lucGVkaWE%3D" target="_blank" rel="noreferrer noopener">upcoming U.S. elections </a>on November 5 might also influence Bitcoin’s trajectory. Past trends show that Bitcoin tends to respond positively post-elections, especially if pro-crypto candidates make headway.&nbsp;</p>   
<p>Experts believe a crypto-friendly outcome could bring more regulatory clarity, potentially boosting Bitcoin’s momentum and increasing optimism in the market.</p>   
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<p><strong>With each new record high, Bitcoin solidifies its position as digital gold. Are you excited about what's next?</strong></p>

Bitcoin Price to Hit New All-Time High in Just 7 Days – Here’s Why

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