Bitcoin has reached a new high, surpassing $66,660 and pulling its daily peak higher. This event encourages traders for the rest of October, despite the difficulty of predicting the cryptocurrency's next moves.

Current Situation in the Bitcoin Market

In recent days, Bitcoin has shown a confident rise, once again reaching its historical maximum. This pushes traders and investors to adjust their strategies, focusing on the potential for further value increase.

Bitcoin Price Predictions

Analysts provide various predictions regarding Bitcoin's future price. It is important to note that analyst Mister Crypto considers a target of $120,000 achievable if the current bullish flag breaks. In contrast, prominent analyst Moustache highlighted the unusual situation where bears now expect a drop to $58,000 after a previous target of $44,000, as Bitcoin continues to rise.

Analysis of ETH and COTI Coin

Along with the rise, volumes in the crypto market continue to recover, confirming increased investor interest. Kyle shared a chart for COTI Coin, pointing out the potential for a breakout. The target in a bullish scenario is $0.155, but a downward breakout could see the price drop to $0.07. Carl also provided an analysis for Ethereum, suggesting that breaking the resistance level could drive ETH up to $3,400.

As noted by analysts, many cryptocurrencies are showing positive dynamics despite historical market volatility. Investors continue to look for profit opportunities amidst strengthening trends.