Bitcoin rises $ 1,700 above psychological $ 60,000, altcoins dominate

Bitcoin rallied again today as the bulls rallied $ 1,700. Data from TradingView shows BTC has slumped above $ 60,000 after moving sideways since Wednesday.

Source: TradingView

Analysts were unimpressed by Bitcoin’s previous retracement; some even raised their price targets over a longer period of time.

#BTC
I’ll be back on Friday but couldn’t resist drawing some random lines….
Apparently I wasn’t optimistic enough at $ 40,000.
Quote: “first target at 73k”.
Well I think that target has increased to $ 90,000 and after a correction we should see $ 100,000
Very happy with the current drop / discount pic.twitter.com/yg6GabmfDu

– Crypto_Ed_NL (@Crypto_Ed_NL) October 27, 2021

“I’ll be back on Friday, but I can’t resist drawing a few random lines … Looks like I’m not optimistic enough on $ 40,000. I’ll be back on Friday.” Repeat, “First target is $ 73,000” … but maybe it has gone up to $ 90,000 and after correcting the price will go up to $ 100,000. Very satisfied with the current discount / discount. “

At the time of writing, BTC is hovering around $ 60,700, hitting a local high of $ 60,850. The funding rate is still low, which shows a successful “derivation” of leverage over the past few days.

Dogs dominate altcoins

Altcoins have followed in Bitcoin’s footsteps, with the top 10 cryptocurrencies gaining several percentage points by market capitalization.

However, the market is still dominated by Shiba Inu. This altcoin is up 43% in the day and 150% in a week.

Attention then turned to Dogecoin sua as it made a move that mimicked the price movement that climbed the ATH of SHIB / USD.

Source: TradingView

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Annie

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