Swiss FX Bank predicts Bitcoin will hit a new high by mid-to-late November

On September 17th, Swiss foreign exchange bank Dukascopy predicted the short-term price target of Bitcoin based on its hourly, daily and weekly charts on Wednesday.

Jean-Francois Owczarczak, director of FinGraphs, believes that Bitcoin is still in an uptrend on the weekly chart. Bitcoin had a strong pullback in early summer and then a nice recovery since then. He believes that this consolidation range is still in play and will find support in mid-to-late October or November and move higher above the highs of this spring. The current risk index is still low, leaving some room for the upside.