Bitcoin aims for record highs and above, to hit $100,000
By Noemi Jansana
Date: Wednesday 13 Oct 2021
(Sharecast News) - Bitcoin is holding ground above the $53,000 resistance, which has turned now into a support level for the cryptocurrency, and has a cleared path ahead to the big resistance level of record highs at $65.530 (the future trading price).
We don't know yet if there may be a 'throwback' towards the new support price, but even with the cryptoasset testing $53.000 again nothing would really change from a technical analysis perspective. The important fact is that there are no other resistance levels until the annual and historical highs, at $65,520, and above that, $100,000. And maybe much more later on, why not? Everything is possible with Bitcoin given that when it rallies, it is able of accomplishing the impossible.
Nonetheless, we advise anyone investing in Bitcoin, specially medium-long term, to be prepared for stronger corrections of 50% in certain moments, and yet, the technical analysis conditions wouldn't change since Bitcoin is not an asset made for everyone.
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