Bitcoin Targets US$45 Thousand
Even though Bitcoin recently hit a 17-month high, many in the market are expecting a correction. However, CryptoCon believes that there is still significant upside potential.
According to a Cointelegraph report, by comparing Bitcoin's current price behavior with previous cycles, he showed that there is still room for BTC/USD to reach the target high in the Fibonacci model, marking a mid-cycle top.
Of the five targets in the Fibonacci model, four have been achieved, with the fourth target being around 3.3 percent above this week's peak of US$36,368.
Among these targets are what are called phases, and November is now the deadline for the next phase to be completed.
