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Bitcoin may nail the now-popular $98,000 BTC value goal - but it sure may find yourself being the cycle prime, new analysis argues.
In its "October 2021 Market Recap & Outlook," main United States trade Kraken declared that Bitcoin ought to attain round $96,000 if this quarter copies the final bull run.
"On the present tempo, 4Q is trending most equally to 4Q2017 with a correlation of 0.88. It must be illustrious that 4Q2017 went on to turn dead set be Bitcoin's third finest 4Q on report with a return of +220%," Kraken wrote.
"Assuming BTC continues to observe inside the footsteps of 4Q2017, we may anticipate BTC to rally even enhanced into calendar month finish. For some context, a +220% in 4Q2021 would suggest a value of $96,355 for BTC."
In different trending Bitcoin Information as we speak: Apple CEO Tim Cook dinner confirms proudly owning each Bitcoin and Ethereum and says...
"It's cheap to personal it as part of a heterogeneous portfolio. I been dead favour of it for some time, I been researching it then forth then I believe it's attention-grabbing."
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