Crypto Currency News

Bitcoin price remains near its all-time high

Crypto market specialists refloat their bullish predictions for the end of the year

Bitcoin (BTC) remains very close to its all-time high last night after surpassing $ 67,600 and staying above $ 66,700. At the close of this note, the price of BTC is $ 66,761.

As BTC goes through the best days in its history, crypto market specialists are refloating their bullish predictions for the end of the year. For the analysts of the exchange Kraken , for example, the reference cryptocurrency could close the month just below $ 100,000 , which would imply a jump of almost 50% in the next 3 weeks.

“At the current rate, the fourth quarter has a trend more similar to that of the same period in 2017, with a correlation of 0.88. It should be noted that at that time it became the third best last quarter of Bitcoin registered with a return of + 220% ”, they pointed out from Kraken .

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Analysts assume that if BTC behaves in the same way as at the end of 2017, it would close an annual growth of 220%. ” That would imply a price of USD 96,355 for BTC, ” they added.

Ether (ETH), the leading altcoin, is also navigating its all-time highs. The asset broke over $ 4,800 last night, and is currently trading at $ 4,808. Likewise, Litecoin (LTC) is also one of the leading altcoins of the day, since it has just jumped by 25% and its price is USD 268.

Cardano (ADA) also stood out with a jump of 13% in the last hours, which brought its price to USD 2.30. XRP was virtually flat and continues at $ 1.26.

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Binance coin (BNB) and Solana (SOL) fell just over 1% and are trading at $ 641 and $ 240 respectively, in the same way as Dogecoin (DOGE), which is at $ 0.27.

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