Analysys provides big data analytics products and services. It develops and provides large data analytics tools and products centered on digital user data and complex algorithm models that effectively fine-tune product delivery and targeted marketing, enabling organizations to reduce operational risks and increase revenue. It is based in Beijing, Beijing.
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Latest Analysys News
Nov 6, 2021
Analysys predict a $80k price target for Bitcoin Bitcoin has been consolidating for quite a while now. But it is still very much in a bull run, and the reason for that is the current price action. Bitcoin’s price has been consolidating, but the daily and weekly closes have been over $60k, which is excellent. Bitcoin also broke below this level a few times, but $58k provided great support, and we are back up again. All this retesting and confirming support levels is only adding strength to this rally, and we might soon break above the new $67k ATH. And therefore, even analysts are predicting an $80k price target for Bitcoin. $80k price target for Bitcoin Bitcoin is facing some strong resistance between $62k and $65k, where the price is getting rejected again and again. The price is entering this level but is unable to breakthrough, which is why the BTC rally is at a halt right now. Another important thing to note is that the price is constantly getting rejected but creeping up again. This is a good sign showing that bulls hold $60k strong and won’t let it break. And as evident from previous patterns, bears will have to cave as we see large green candles. The current target for BTC is $80k, and it is not that tough to reach that level. We are looking at $60k being the next $40k, which was important to hold. But unlike the last crash, where $40k broke, $60k didn’t. And therefore, we can look at $80k as the new $60k. The market is consolidating, and whales are taking profits, but retail buyers are surprisingly holding up, and BTC is above $60k. What’s next? Nobody is ready to see $10k daily BTC candles, but I think that’s next. The price of Bitcoin could soon get into discovery mode, and then $80k, $90k, or even $100k is just a matter of time. Plan B has given a $98k monthly close for BTC in November, which seems very optimistic. But we should also note that his prediction of the $63k October close was almost on point. He recently put out a tweet that even in the past, we have seen 60% price increases in a month, and even this time, it’s possible. Some people think Nov close $98K is too big a jump. It is +60% from current level. Yes that is a big jump. But #bitcoin did this many times before: May 2019 +62%
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Analysys's headquarters is located at Universal Business Park 10 Jiuxianqiao Road, Chaoyang District, Beijing.
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