During the last week of October, the global crypto market was able to once again climb above the $1 trillion mark, and now, bulls are trying hard to maintain this bullish momentum in the market. Bitcoin (BTC) was also able to find some stability during this time, and many believe that there are even more positive days in store for the crypto market leader.
One of these believers is an anonymous crypto analyst that goes by the name of Moustache. He makes use of the Network Value of Transactions for these price predictions, and he believes that as BTC has surged by 450% over the last three years, there could still be a massive green candle in BTC’s future. Moustache also made some previous predictions that BTC could hit $30,000 in 2023.
A crypto analyst by the name of PlanB also believes that BTC will see a massive bull run in November. In addition to this, a CryptoQuant analyst revealed that as BTC’s supply between one month and three months is slightly declining, BTC whales are still holding.
Many other crypto and BTC fans believe that if the crypto king maintains the $20,000 range and manages to reclaim $30,000, it could see a massive surge in price.
Bitcoin / Tether US 1D (Source: CoinMarketCap)
According to data from the market tracking website CoinMarketCap, BTC is currently trading at $20,582.40 after a 0.47% increase in price over the last 24 hours. BTC is also still up more than 6% over the last seven days.
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Source: Cryptocurrency - investing.com
