When Is New ATH Coming in Bitcoin? Famous Analyst Said “Very Close” and Shared His Expectations!

Leading cryptocurrency Bitcoin (BTC) As it oscillates between $64,000-63,000, the new ATH may be very close.

Bitget chief research analyst Ryan Lee stated that if history repeats itself, Bitcoin could test the new ATH in the period from the third week of October to November, that is, in about a month.

Stating that the data points to an increase in Bitcoin, Lee added that there may be fluctuations in the price.

Lee stated that even though Bitcoin started to rise, corrections may occur from time to time and that these corrections and He said the intensity of sales may change depending on the US elections.

“If history repeats itself, Bitcoin is likely to retest its all-time high above $73,750 in the period from the third week of October through November.

However, this upward wave will occasionally be accompanied by corrections that will be reflected as a sales wave.

The intensity and extent of these corrections will depend on the US elections. Because if investors believe more that a president who supports Bitcoin will be elected, they may hesitate to sell with bullish expectations.”

Lee recently stated that optimism among investors increased after the FED reduced interest rates by 50 basis points and the People’s Bank of China reduced interest rates by 30 basis points, and that risky assets such as Bitcoin became more attractive after these moves.

*This is not investment advice.