Bitcoin’s Price Will Rise – Here’s The Timeline Of The Digital Asset

There are more predicitons about the price of Bitcoin these days. Check out the latest reports about this below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,700.

Pseudonymous crypto trader Rekt Capital said recently that BTC must close the week above $23,744 to continue its upward trend.

“BTC retest is now in progress

Ultimately, a Weekly Close above this key area is what BTC needs to achieve to break this confluent area of resistance to continue moving higher.”

The analyst also said the fact that BTC needs to go a little higher to confirm its upward trend on the 200-week moving average (MA).

“BTC has performed a picture-perfect rejection at the 200-week MA

BTC needs to reclaim this MA as support to enjoy strong trend continuation.”

According to the latest reports, it seems that a popular crypto strategist believes that Bitcoin (BTC) is gearing up for a fresh rally. This could happen after the king crypto lost over 10% of its value over the past weeks.

Analyst Jason Pizzino said recently that he believes Bitcoin is still bullish, but he thinks the top crypto by market cap can go lower in the short term. Check out our previous article in order to learn more details about all this.

It’s also worth noting the fact that Pentoshi who is the trader that we are referring at said recently that the king crypto could go up by another 30%.

He says the strength of the daily candle for Bitcoin is leading him to predict a rally to as high as $32,000.

“This candle for BTC is just: Wow. As stated January 1st, I think the high range for this year is $28,000-$32,000. Have a feeling if we get there that’s going to be a super tough spot. This thing is truly wild lol. Looking at it in complete awe.”