Bitcoin price model expects $45K ‘phase’ to hit in November

Bitcoin (BTC) is on track to strike $45,000 in November as part of a timeless BTC price cycle, popular analyst CryptoCon says.In an X thread on Oct. 25, the Bitcoin cost model creator turned his attention to one based on Fibonacci retracement levels.Analyst: $45,000 next month “possible” for BitcoinBitcoin reaching 17-month highs this week has many market participants expecting a pullback, but CryptoCon thinks that plenty of upside potential remains.Comparing present BTC rate habits to previous cycles, he revealed that there is still room for BTC/USD to expand to the greatest of the Fibonacci models five targets to hit a mid-cycle top.Four have already been seen, with target four lying around 3.3% above this weeks top at $36,368. Bitcoin cost cycle comparison. Source: Rekt Capital/XIn numerous current X posts, Rekt Capital included that any significant pullback would represent a considerable cycle purchasing chance.

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Bitcoin (BTC) is on track to strike $45,000 in November as part of a traditional BTC cost cycle, popular expert CryptoCon says.In an X thread on Oct. 25, the Bitcoin cost model creator turned his attention to one based on Fibonacci retracement levels.Analyst: $45,000 next month “possible” for BitcoinBitcoin reaching 17-month highs this week has numerous market participants expecting a pullback, but CryptoCon believes that plenty of upside possible remains.Comparing present BTC cost behavior to previous cycles, he revealed that there is still space for BTC/USD to broaden to the greatest of the Fibonacci models five targets to hit a mid-cycle top.Four have already been seen, with target 4 lying around 3.3% above this weeks top at $36,368. Bitcoin price cycle contrast. Source: Rekt Capital/XIn different current X posts, Rekt Capital added that any considerable pullback would represent a considerable cycle buying opportunity.

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