{"id":51428,"date":"2021-10-19T14:54:22","date_gmt":"2021-10-19T11:54:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51428"},"modified":"2025-09-02T23:40:10","modified_gmt":"2025-09-02T20:40:10","slug":"futures-analysis-bitcoin-price-poised-to-hit-an-all-time-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/futures-analysis-bitcoin-price-poised-to-hit-an-all-time-high\/","title":{"rendered":"Futures analysis: Bitcoin price poised to hit an all-time high"},"content":{"rendered":"

Last week Bitcoin held above the psychological level of $60,000. It is currently trading 4% below its all-time high of $64,990. Ethereum lags: the difference between the current price and the peak of $4,383 is 15%.<\/p>\n

<\/p>\n

What to expect: a rally or a correction? We analyse the price levels of Bitcoin and Ethereum on the cryptocurrency exchange Bybit<\/a>.<\/p>\n

BTCUSD<\/h2>\n

On October 6, Bitcoin breached the resistance level of $59,700. After a successful retest, the price BTCUSD<\/a> held above $60,000 and posted a local high at $63,100.<\/p>\n

\\\"\u0410\u043d\u0430\u043b\u0438\u0437
Support and resistance levels on the daily chart BTCUSD<\/a> Perpetual Contract (Bybit). Data: TradingView<\/a>.<\/figcaption><\/figure>\n

To continue the bull run, the price needs to overcome the last resistance \u2014 the all-time high of $64,990. A bounce from this level could bring a retest of support at $59,700.<\/p>\n

ETHUSD<\/h2>\n

Last week the price ETHUSD<\/a> approached a local high \u2014 $4,030.<\/p>\n

\\\"\u0410\u043d\u0430\u043b\u0438\u0437
Support and resistance levels on the daily chart ETHUSD<\/a> Perpetual Contract (Bybit). Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Nevertheless, Ethereum settled above $3,680. If Bitcoin’s upside momentum persists, Ethereum could reach the $4,030 resistance as early as this week.<\/p>\n

Conclusions<\/h2>\n

In October, bulls are dominant \u2014 Bitcoin’s price has risen about 30% since the start of the month. To push through the ATH of $64,990, it only needs one strong surge.<\/p>\n

If it bounces off this price, Bitcoin could retest support at $59,700.<\/p>\n

Subscribe to ForkLog News on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week Bitcoin held above the psychological level of $60,000. It is currently trading 4% below its all-time high of $64,990. Ethereum is lagging: the difference between the current price and the peak of $4,383 is 15%.<\/p>\n","protected":false},"author":1,"featured_media":51429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"2","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1168,1253],"class_list":["post-51428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-crypto-derivatives","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"2","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51428"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51428\/revisions"}],"predecessor-version":[{"id":51430,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51428\/revisions\/51430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51429"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}