Bitcoin (BTC) kept markets guessing into the Wall St. open on Oct. 11 after seeing rejection on hitting its highest since May.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price teases $58,000 February high
In so doing, Bitcoin effectively fully cancelled out the impact of China’s mining debacle and subsequent redistribution of hash rate around the world.
— Rekt Capital (@rektcapital) October 11, 2021
Amid a celebratory mood among analysts, predictions broadly centered on a run to a six-figure peak initiating sooner rather than later.
“All data science models suggest that BTC will peak much higher than