PANews On October 26, according to Cointelegraph, analysts at the cryptocurrency exchange Kraken said that as long as it remains above $66,500, Bitcoin bulls will be able to "take control of the situation" and the trend will remain positive. Not only that, analysts also pointed out that if Bitcoin can continue to rise, the next key stage will be the all-time high of $73,679 set in March. A successful breakthrough of this level may open the door to new price discovery and further upward momentum.
Regarding the previous drop in Bitcoin prices from $66,500 to $65,700, cryptocurrency trader Herdy analyzed that this might be the market's response to Tether's FUD and subsequent events such as Israel and Iran.
Earlier news said that Tether was suspected of being investigated by US prosecutors and sanctioned by the Treasury Department, but Tether CEO Paolo Ardoino later denied this, saying there was no indication that Tether was under investigation.
