Bitcoin (BTC) is showing signs of recovery on Monday, October 27, as the Crypto Fear & Greed Index climbed to 51 and turned neutral for the first time since President Trump initiated new tariff wars with China a couple of weeks ago.
As of the time of writing, the cryptocurrency is trading at $115,420, having advanced 2.60% in the past 24 hours, almost mirroring the 2.50% gain in the broader crypto market.
BTC 24-hour price. Source: Finbold
A result of promising technical signals, macroeconomic relief, and renewed institutional inflows, the rally has allowed BTC to reclaim its 50-day exponential moving average (EMA) at $114,176.
The $114,000 range also served as support, according to market analyst Ted Pillows, who now sees $118,000 as the next important target to keep an eye on.
Should “digital gold” surge past that mark, Pillows predicts, we might see a new Bitcoin all-time high (ATH) as soon as next week.
“Now, Bitcoin needs to reclaim the $118,000 zone, and
We współpracy z: https://finbold.com/analyst-predicts-a-new-bitcoin-all-time-high-next-week/
