Bitcoin price model expects $45K 'phase' to hit in November
Bitcoin remains on track to deliver "possible" further gains of up to 30% versus current BTC price levels, says CryptoCon. Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon says. In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels. Analyst: $45,000 next month "possible" for Bitcoin Bitcoin reaching 17-month highs this week has many market participants expecting a pullback, but CryptoCon believes that plenty of upside potential remains. Comparing current BTC price behavior to previous cycles, he showed that there is still room for BTC/USD to expand to the highest of the Fibonacci model ’s five targets to hit a mid-cycle top. Four have already been seen, with target four lying around 3.3% above this week’s top at $36,368. In between them are what are called “ phase s” — and November now marks a deadline for the next to complet...