Bitcoin price tests the $28,000 level for the second time this week.
The chart below shows the rise in market value to the indicated level amid a surge in trading volume, followed by a modest pullback after hitting the resistance level.
Prices of other top market assets also edged higher.
BitMEX co-founder Arthur Hayes, in an interview with YouTuber Tom Bilyeu, said that by 2024 the price of the first cryptocurrency could reach $70,000. However, in his view, by the end of the current year the digital gold will not manage to break above the $30,000 level.
By 2026, Bitcoin could rise to $750,000 or even $1 million, the expert predicted.
The main drivers of growth, according to Hayes, will be limited supply of the asset, approval of ETF and geopolitical uncertainty.
On Oct. 2, Bitcoin briefly held above the $28,000 level, briefly reviving the altcoin market.