Cryptocurrencies
The three risks that endanger the Bitcoin rally in the fourth quarter
The tables have turned in the cryptocurrency market during this last month and quarter, and Bitcoin bulls are celebrating the recent rally, whose target is none other than the all-time highs at $65,000 of the queen of 'cryptos' in April. Sentiment is decidedly bullish and beyond possible profit-taking and occasional pullbacks, investors, especially the 'hodlers', the strong hands in the market, are confident that nothing can blow the upward momentum out of the water.
Bitcoin aims for record highs and above, to hit $100,000
Bitcoin is holding ground above the $53,000 resistance, which has turned now into a support level for the cryptocurrency, and has a cleared path ahead to the big resistance level of record highs at $65. 530 (the future trading price).
Bitcoin faces short term selling pressure after approaching the $60,000 psychological barrier
Bitcoin´s October rally lost steam after the cryptocurrency approached the psychological $60,000 barrier and fell nearly 4. 5% on Wednesday. However, with recent highs near $58,000, according to CoinMarketCap, and holding at prices not seen since May, experts maintain their optimistic view that it will reach the all-time highs of mid-April sooner rather than later.