Bitcoin ($BTC ) : Analyst predicts rise to $75K-$80K - AMB Crypto Analytics

Irma - Oct 13 - - Dev Community

Bitcoin's price charts hint at a possible breakout from the $50K-$72K range, with analyst Stockmoney Lizards predicting a surge to $75K-$80K if the higher low holds.

BTC has been forming higher lows since August, suggesting a market shift. Investor demand has rebounded, with 150K BTC worth $9.4 billion bought between late September and mid-October, hinting at growing interest.

However, rising leverage and Open Interest (OI) present risks. The recent pump from $58.9K to $63.4K reduced OI by less than 5%, a level that often leads to extended rallies.

Currently, BTC is at $62.8K, consolidating below its 200-day Moving Average.

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