{"id":52655,"date":"2021-11-10T13:10:01","date_gmt":"2021-11-10T11:10:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52655"},"modified":"2025-09-03T11:18:29","modified_gmt":"2025-09-03T08:18:29","slug":"kraken-analysts-forecast-bitcoins-rise-to-96355","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kraken-analysts-forecast-bitcoins-rise-to-96355\/","title":{"rendered":"Kraken analysts forecast Bitcoin’s rise to $96,355"},"content":{"rendered":"

Bitcoin’s October performance aligns with its fourth-quarter 2017 dynamics. If sustained, by year-end Bitcoin would reach the $96,355 level, according to analysts at the cryptocurrency exchange Kraken<\/a>.<\/p>\n

\n

\u201cIn October Bitcoin began to repeat the trajectory of Q4 2017 with a correlation of 0.88. That period was the third in history by growth pace at +220%. In this context, by the end of 2021 the first cryptocurrency could rise to $96,355,\u201d<\/em>, the specialists noted.<\/p>\n<\/blockquote>\n

\n
\\\"Kraken
Historical BTC\/USD quarterly dynamics by year. Data: Kraken.<\/figcaption><\/figure>\n<\/div>\n

Experts warned that November is typically volatile and yields the greatest gains for the month.<\/p>\n

\n
\\\"Kraken
Volatility and BTC\/USD dynamics by month. Data: Kraken.
<\/figcaption><\/figure>\n<\/div>\n

Experts noted that previously, a signal of a forthcoming medium-term top was a price hitting the upper Bollinger Band (at 4.5 standard deviations) and the Relative Strength Index (RSI) rising to 96%.<\/p>\n

By the end of October, these conditions were not met. The first indicator rose to $112,000, while the second climbed only to 71.7%.<\/p>\n

\n
\\\"Kraken
Monthly BTC\/USD dynamics, Bollinger bands and RSI. Data: Kraken.<\/figcaption><\/figure>\n<\/div>\n

As reported, Stock-to-Flow indicated<\/a> potential for a continued Bitcoin rally.<\/p>\n

Subscribe to ForkLog news on VK<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s October behavior aligns with its fourth-quarter 2017 trajectory. If sustained, by year-end Bitcoin could reach $96,355, according to Kraken analysts.<\/p>\n","protected":false},"author":1,"featured_media":52656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,193,1138,1253],"class_list":["post-52655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-kraken","tag-opinions","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52655","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=52655"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52655\/revisions"}],"predecessor-version":[{"id":52657,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52655\/revisions\/52657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/52656"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=52655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=52655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=52655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}