Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin Nearing Next Major Resistance of $52,563

Bitcoin Nearing Next Major Resistance of $52,563

Kelly Cromley by Kelly Cromley
Oct 6, 2021
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

After bulls seized control of the market and drove the price of BTC up to the $51,900 level, the early morning impetus that had propelled it over $50,000 on Oct. 5 persisted for the rest of the day.

According to Coingecko’s data, bulls have resumed their ascent after a short period of stabilization, and many experts are keeping a close eye on whether BTC’s price will maintain support above $50,000.

RelatedPosts

VanEck Debuts VBILL Fund to Tokenize U.S. Treasuries

Nepal’s Sacred Art Gets Tech Boost with New Exhibition Launch

Ras Al Khaimah Introduces Blockchain-Based Tourism Rewards

HOLO Unveils Blockchain-Powered Edge Storage System

Traders’ hopes for a year-end close over the $100,000 barrier have been rekindled after BTC price touched $40,885 on Sept. 29. This level has now turned out to be the de facto price goal for the end of this year. For ExoAlpha managing partner and chief investment officer David Lifchitz, Tuesday’s price action was a visual delight after seeing the 10% rise on Oct. 1 as a short squeeze with “no justified reason to spark only if it had been completely made up by a large player that wanted to profit from the calm illiquid market situation,” he says.

Bitcoin to 100k is less than a 2x from current prices.

Let that sink in for a bit.

— Ryan 🐎 Cantering Clark (@CanteringClark) October 5, 2021


It’s been three days after the October 1st surge, but Lifchitz cautioned that BTC isn’t out of the doldrums yet notwithstanding “technical indications all suggesting to a move higher.”

I also trade ranges. Range trading is clean but when $BTC trends hard it trends

These are my ranges on the macro. Looking to take the range highs #UPONLY
HSBAF pic.twitter.com/YOGsH6XKvg

— Pentoshi Won’t Dm You. hates Dm’s. DM’s are scams (@Pentosh1) October 5, 2021


Lifchitz said:

“If the bulls get back in the game and push BTC (the barometer…) above $55,000, we can anticipate a rise to the $64,000 all-time peak in the near future. If the bears remain unconvinced about the shift from $44,000 to $48,000 in only 2 minutes, they may not have adequate force to push BTC past $53,000 to $55,000 range, at which juncture BTC could only go back to the middle of its 5-month-old $40,000-$50,000 spectrum.”

The graphs, uploaded by cryptocurrency trader and pseudonymous Twitter user ‘Pentoshi,’ shows BTC’s multi-year trading range from a macro, long-term viewpoint.
Pentoshi said:

“While range trading is fair, Pentoshi said that when Bitcoin takes a strong trend, it takes a trend. On the macro, these are the areas I’m interested in. I’m aiming for the top of the range.”

The chart shows that Bitcoin’s price could hit a range peak of $323,216 by the year 2022, as per the data. The total value of the cryptocurrency market is now $2.229 trillion, with Bitcoin commanding 43.5% of the market share.

Previous Post

BoA Assembles Cryptocurrency Research Division

Next Post

Mirror Facilitates Public Access to its Blockchain Blogging Platform

Related Posts

vaneck debuts vbill fund to tokenize u.s. treasuries

VanEck Debuts VBILL Fund to Tokenize U.S. Treasuries

by Kelly Cromley
May 14, 2025
0

VanEck, in collaboration with Securitize, has unveiled a new tokenized fund named VBILL, aimed at providing institutional investors with access...

nepal’s sacred art gets tech boost with new exhibition launch

Nepal’s Sacred Art Gets Tech Boost with New Exhibition Launch

by Kelly Cromley
May 14, 2025
0

The Himalayan Art Council has announced the launch of the Thangka & Paubha Art Exhibition, a cultural milestone that highlights...

ras al khaimah introduces blockchain-based tourism rewards

Ras Al Khaimah Introduces Blockchain-Based Tourism Rewards

by Kelly Cromley
May 14, 2025
0

The Ras Al Khaimah Tourism Development Authority (RAKTDA) has taken a progressive step toward digital transformation in travel by forming...

holo unveils blockchain-powered edge storage system

HOLO Unveils Blockchain-Powered Edge Storage System

by Kelly Cromley
May 14, 2025
0

MicroCloud Hologram Inc. (NASDAQ: HOLO), a technology company specializing in holographic digital twin systems, has introduced a blockchain-based edge storage...

plume and digift launch tokenized note backed by invesco loans

Plume and DigiFT Launch Tokenized Note Backed by Invesco Loans

by Kelly Cromley
May 14, 2025
0

Plume has announced a collaboration with DigiFT to introduce a tokenized financial instrument known as iSNR, which mirrors the performance...

synternet and hive join forces to power ai with live blockchain data

Synternet and Hive Join Forces to Power AI With Live Blockchain Data

by Kelly Cromley
May 14, 2025
0

Synternet has announced a strategic partnership with Hive Intelligence, signaling a new era in the development of decentralized, real-time blockchain...

Next Post
Mirror Facilitates Public Access to its Blockchain Blogging Platform

Mirror Facilitates Public Access to its Blockchain Blogging Platform

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

vaneck debuts vbill fund to tokenize u.s. treasuries
Market News

VanEck Debuts VBILL Fund to Tokenize U.S. Treasuries

by Kelly Cromley
May 14, 2025
nepal’s sacred art gets tech boost with new exhibition launch
Market News

Nepal’s Sacred Art Gets Tech Boost with New Exhibition Launch

by Kelly Cromley
May 14, 2025
ras al khaimah introduces blockchain-based tourism rewards
Market News

Ras Al Khaimah Introduces Blockchain-Based Tourism Rewards

by Kelly Cromley
May 14, 2025
holo unveils blockchain-powered edge storage system
Market News

HOLO Unveils Blockchain-Powered Edge Storage System

by Kelly Cromley
May 14, 2025
plume and digift launch tokenized note backed by invesco loans
Market News

Plume and DigiFT Launch Tokenized Note Backed by Invesco Loans

by Kelly Cromley
May 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree