As the article was prepared, the price of Bitcoin tested the $69,000 threshold, a significant level following a prolonged period of consolidation. Markets, confined within narrow ranges, must ultimately experience a breakout. Historical data suggests that various bullish signals may rightly increase traders’ risk appetite in the coming weeks. This leads to the question: what are the predictions for cryptocurrencies?
Bitcoin Predictions
In a recent market evaluation, Crypto Fella discussed two potential scenarios for Bitcoin. Enthusiastic traders are still waiting for new investors to enter the market, which necessitates a few months of impressive upward trends. Exciting days should be on the horizon when everyone feels like an investment genius, encouraging more capital to flow in.
The analyst also highlighted the significant influx into ETF channels:
“Update $BTC – Over $2 billion entered Bitcoin ETFs last week, with 31,600 BTC. We are gradually preparing for a breakout with the bull flag. For me, there are two possible scenarios:
Scenario 1: We are experiencing a relatively slow Uptober, testing the support line of the bull flag structure. We will move upward when elections occur.
Scenario 2: We are racing toward another psychological resistance at $70,000. We will retest and head directly toward ATH.”
Kyle mentions that short-term investors are signaling fatigue. If such a shift occurs, testing the $70,000 mark in the coming days would not be surprising.
“Short-term investors are indicating potential fatigue, having stopped cashing out after selling their holdings. If this trend continues, they may switch gears and start accumulating, which could relieve price pressure.”
Bitcoin Will Reach 100,000
Jelle clearly indicates the direction for Bitcoin (BTC) 
$98,238 prices today. The analyst mentions that due to the recovery of support, the focus can shift towards a six-figure Bitcoin price. If Jelle is correct, we should soon see BTC surpassing its recent ATH of $73,777 and moving higher.
