Opinion: Bitcoin price may rise to $ 80,000 in November

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Crypto trader and analyst under the pseudonym Altcoin Sherpa surethat in November the bitcoin price will update its historical maximum. According to the trader, next month the rate of the first cryptocurrency may exceed $ 80 thousand (an increase of 28% from current levels). Writes about this RBC Crypto.

The analyst noted that there was strong resistance at the level of $ 59-60 thousand, but now this mark acts as support. If this level fails, then Bitcoin should push off from the range of $ 54-58 thousand, in which the next support is located, the trader believes.

Over the past weekend, the bitcoin rate fell to $ 59.5 thousand. At 15:00 on October 25, the asset is trading at $ 63.1 thousand, and its capitalization is $ 1.18 trillion. During the day, the cryptocurrency has risen in price by 4%.

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