Crypto is going insane as BTC has risen by $ 4000 in the past few hours.
In previous analyzes, we had learned that while September was always a low month for crypto, October was more, as analyst Lark Davis traditionally tweeted, Uptober.
BTC, go crazy
BTC is currently trading at $ 47,400 and is up 10% in the last 24 hours, putting the entire market in green territory.
We have just started the month of October and BTC is showing some really encouraging signs that are driving coin evangelists crazy. Lark Davis wrote:
“Holy Bimbam! #Bitcoin is going crazy!”
“Uptober is real, let the light of the bull mood shine into your life! #Bitcoin ”
Uptober is real, let the light of the bull mood shine into your life! #bitcoin
– Lark Davis (@TheCryptoLark) October 1, 2021
As far as the technical data suggests, the pump is real and could send BTC to the moon soon. Analyst and crypto influencer named “PlanB” targeted $ 63k for BTC at the beginning of November. He also noted that BTC could close at a price level of $ 135,000 by the end of 2021.
Next destinations: Oct> 63k, Nov> 98k, Dec> 135k🚀 pic.twitter.com/C45nfQkQSC
– PlanB (@ 100 trillion USD) October 1, 2021
Additionally, it is of paramount importance that BTC rose 25% in the third quarter. While the coin closed at $ 43,000 on September 30, it was trading at $ 33,000 on July 1.
An all time high for XRP
For altcoins, the pump we’re seeing has proven to be sufficient to generate some significant gains. XRP is up 8% over the week as it trades at $ 1.02. Since September 20, it’s only the second time the token has exceeded $ 1. Meanwhile, XRP was trading between $ 0.8879 and $ 1.03.
In our estimation, XRP could soar to its all-time high if BTC tops $ 55,000 before the end of October. During the previous market boom, the XRP was only able to hit $ 1.96. Thanks to the SEC lawsuits, XRP is one of the very few mainstream cryptos that has not seen any all-time highs. Now that we can clearly see that Ripple is in a much better position than ever in the lawsuit, the environment is quite encouraging for XRP to hit an all-time high this time around.