The post Bitcoin All-Time High in Next 7 Days? Here’s Why appeared first on Coinpedia Fintech News
World’s Largest cryptocurrency by market cap Bitcoin has surged past the $71,000 mark, marking its highest point since June. With many experts, like popular crypto analyst CryptosRUs, predicting that this rally won’t be slowing down, all eyes are on Bitcoin’s potential to reach an all-time high within the next seven days.
October Surge and Liquidations
According to CryptosRUs, October has been a strong month for Bitcoin, especially Bitcoin-related stocks, and is seeing great performance. CryptosRUs highlights that it’s the final week of October a month that has historically been strong for Bitcoin and believes this could be a “glorious” week for the cryptocurrency.
As Bitcoin surged past $71,000, many short-sellers, who were betting against its rise, faced “liquidation” losses. This wave of liquidations added further momentum to Bitcoin’s price increase, s
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