Bitcoin price prediction: 15.4 percent above the 200-day line, and the next target at $86,600

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin stands at $83,063, which is 15.4 percent above the 200-day line but 34 percent below the all-time high. The difficulty adjustment on October 16 and the chart midpoint both point to a zone 4.3 percent away.Bitcoin trades at $83,063 on Sunday midday, putting it 15.4 percent above its 200-day line, which runs at $71,969. At the same time the price is 34.1 percent short of its all-time high of $126,080. The two numbers belong together, because they answer different questions: the distance to the moving average says whether the uptrend is intact. The distance to the all-time high says how much headroom is open on paper. Between them lies a third level that hardly anyone has named so far, even though it falls out of two independent calculations. One comes from the chart, the other from the miners' electricity bill. Both land at roughly $86,600 to $86,900. This article shows how that level arises, what happens on the network this coming Friday, and what bitcoin price prediction...