New Bitcoin All-Time High Predicted by Analyst as Price Surges

Analyst Predicts Bitcoin to Reach New All-Time Highs

Bitcoin Climbs Back to $68,000 Level

A well-known crypto analyst has suggested that Bitcoin is on the cusp of reaching new all-time highs as it broke through the $68,000 level on Friday. With the current all-time high standing at approximately $74,000, the analyst believes that Bitcoin could surpass this milestone in the coming days.

The analyst cautioned that Bitcoin might first retest the $65,000 level before experiencing sustained upward momentum.

ECB Rate Cut Could Boost Bitcoin Price

European Central Bank Move Seen as Bullish for Bitcoin

The recent rate cut by the European Central Bank is seen as a potentially bullish catalyst for Bitcoin’s price, according to the analyst. This move, coupled with other economic factors, could propel Bitcoin to new highs sooner than expected.

Altcoin Season on the Horizon

Ethereum and US Treasury Yields Point to Altcoin Bull Run

The analyst has suggested that altcoins may outperform Bitcoin in the near future, citing a correlation between Ethereum and US Treasury bond yields. With the Fed meeting scheduled for November, there is anticipation that altcoin season may kick off following possible market developments.

Bitcoin is currently trading at $68,362, up nearly 2% in the last 24 hours, while Ethereum is priced at $2,637.

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Disclaimer: Opinions expressed are not investment advice. Readers should conduct their own research before engaging in high-risk investments. The Daily Hodl does not endorse specific trading decisions.