Kraken Analyst: BTC May Hit All-Time Highs in Next Phase

On Oct. 26, Kraken analysts said that bitcoin remains in an uptrend as long as it stays above $66,500. The analysts also noted that if Bitcoin is able to continue to rise, the next key stage will be the all-time high of $73,679 set in March, and a successful break above this level could open the door to new price discoveries and further upside momentum. In response to the previous drop in Bitcoin's price from $66,500 to $65,700 at one point, cryptocurrency trader Herdy analyzed that this could have been the market reacting to Tether's FUD, and subsequent events such as Israel and Iran.