Crypto Analyst Says Bitcoin ($BTC ) Price Can Port To $86,600 If It Breaks This Level - NEWSBTC Analytics
đ Bitcoin Price Could Hit $86,600
Crypto analyst Ali Martinez predicts Bitcoin could rise to $86,600 if it breaks the $67,400 level. After a recent rally to nearly $68,000, BTC is primed for another surge.
đ Key Breakthrough
Martinez highlights that Bitcoin's break above its 200-day moving average at $65,844 could lead to a parabolic bull run. Historically, this has triggered massive price gains for BTC.
đŒ Open Interest Hits ATH
Bitcoinâs open interest across exchanges has reached a new all-time high of $19.75 billion, signaling a potential big move. Over 400,000 BTC ($24 billion) has been withdrawn from exchanges in the past eight months, boosting investor confidence.
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When Could It Happen?
Analyst Mikybull Crypto suggests the parabolic rally could start around October 22, with potential for Bitcoin to reach $90,000. Currently, BTC is trading at $67,000, up 2% in the last 24 hours.
