At press time, Bitcoin was trading at $66k, sparking excitement for potential new all-time highs (ATHs) in the final quarter of the year...
At press time, Bitcoin was trading at $66k, sparking excitement for potential new all-time highs in the final quarter of the year. Here, it’s worth looking at historical data though. Particularly the 2-week Ichimoku Cloud indicator since it has accurately predicted Bitcoin’s ATHs in past cycles.
When this pattern last emerged during Covid 19, it led to a significant rally, pushing Bitcoin to new ATHs. If history repeats itself, Bitcoin could be poised for another major upwards move, and potentially new highs in November.However, market dynamics will ultimately determine the outcome, and it remains to be seen if this pattern will indeed lead to higher prices.Another factor that could propel Bitcoin higher is the impact of heavily borrowed USDT.
This was followed by another purchase of 1,434 BTC worth $94.3 million. Recently, they added another 5,894 BTC, bringing their total holdings to 363,626 BTC, valued at $23.68 billion.
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