This is Bitcoin’s next price target as correction is ruled out
Bitcoin (BTC) has regained market attention again, aiming to surpass the $30,000 level amid the ongoing short-term rally. In this resurgence, some analysts predict that Bitcoin is poised for further gains, potentially reaching a new all-time high. In particular, prominent crypto trading analyst TradingShot , in a post on TradingView dated October 20, highlighted that Bitcoin’s current strong technical indicators and historical patterns suggest a continuous upward trajectory, with a correction only expected once specific criteria are met. Notably, the analyst indicated that Bitcoin is eyeing the $35,000 mark, with the asset defying recent skepticism following the fake news regarding a spot Bitcoin Exchange-Traded Fund (ETF). Bitcoin price analysis chart. Source: TradingView According to TradingShot , Bitcoin is approaching the high it reached the previous Monday, with its 1-day Relative Strength Index ( RSI) soaring into overbought territory, above the 70.00 mark. However, t...