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Bitcoin's 200-week average hits $65K, signaling potential post-bear market rally and $1.5M target by 2030.

Market News
21 Oct 2026
Tokenpost
View Source
Bullish
Bitcoin's 200-week average hits $65K, signaling potential post-bear market rally and $1.5M target by 2030.

Blockstream CEO Adam Back highlighted Bitcoin's 200-week moving average crossing $65,000, a level historically linked to price increases after bear markets. He noted that major banks recommend Bitcoin allocations between 2% and 4%, with some suggesting even higher. Back also projected a long-term price target of $1.5 million per Bitcoin by 2030, driven by institutional interest, spot ETFs, and Bitcoin's fixed supply. This suggests growing confidence in Bitcoin's future value and adoption.

Bitcoin trades at Rp1.487.044.000 on Pluang as of Oct 21, 2026 13:21 WIB, showing a 1.00% gain in the past day. This steady price level aligns with the discussion around Bitcoin's 200-week average crossing $65,000, a key technical milestone noted by Adam Back. The platform also records a market cap of Rp29.922,49 trillion and a 24-hour trading volume of Rp458,85 trillion, indicating active investor interest during this period.

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