Kraken Analyst: Bitcoin Bulls Are “In Control” As Long As It Stays Above $66,500

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 can "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. Successfully breaking through this level may open the door to new price discovery and further upward momentum.

In response to the previous drop in Bitcoin prices from $66,500 to $65,700, cryptocurrency trader Herdy analyzed that this may be the market's response to Tether's FUD and subsequent events such as Israel and Iran.

Earlier news, Tether was suspected of being investigated by US prosecutors and sanctioned by the Treasury Department, but then Tether CEO Paolo Ardoino denied this, saying there was no sign that Tether was under investigation.