After Bitcoin has surged significantly trading above the $47,000 level since yesterday, various crypto market analysts are now expressing their views & analysis concerning the future price development of the king currency.
BTC Präis Analyse
The crypto market has opened a new week on strong bullish performance. geschriwen, the world’s largest currency, surpassed the $47,200 level and the crypto community saw this price level last on January 3, 2021.
Bitcoin (BTC) held over the $47,000 mark during the early Asian hours on Monday following a surge from Sunday’s $44,700 level, With more than 5.4% and $100 billion addition to the overall capitalization of the crypto markets, in the past 24 hours.
At Present, BTC bulls need to hold above this crucial support level of $45k to encourage sidelined investors are encouraged to re-enter the market. Breaching this crucial interest zone could generate panic among investors, pushing Bitcoin toward $40,000.
In Case the Bulls remain intact, the extended rally might take BTC price to $49k which plays a major resistance level. Traders might expect a minor pullback at this level before surging above $50k.
Och liesen: Bitcoin Consolidation Ends Here, Next Sell Area Above $150K! BTC Price to Have a Year-Long Bull Run Soon
Bitcoin Bull Run To Continue!
Veteran trader Peter Brandt, expects Bitcoin to have a similar price movement that was seen back when the cryptocurrency was trading around $4,000 and $8,000. During that time Bitcoin had seen a similar breakout.
War dëst Schreiwen hëllefräich?
Source: https://coinpedia.org/bitcoin/bitcoin-btc-price-to-rally-30-in-coming-days/