Massive Bitcoin Rally Predictions Are Out

There are a lot of new predictions about the price of Bitcoin these days. Check out the latest reports about this below.

Three widely popular crypto analysts have similar opinions that Bitcoin (BTC) is likely gearing up for a parabolic surge.

Crypto strategist Michaël van de Poppe said that Bitcoin is flashing bullish signals on the weekly chart.

According to the analyst, Bitcoin continues to trade above two crucial technical indicators on the weekly timeframe. This is reportedly happening despite its retreat from the key psychological resistance at $30,000.

“Bitcoin breaks upwards and tests $27,600.

Good signs.

Weekly timeframe: holding 200 moving average and exponential moving average.

I think we’re continuing towards $38,000-$42,000 from here.”

The top trader said followers that he thinks Bitcoin is setting up for a move to fresh yearly highs en route to $40,000 after managing to reclaim support at around $27,000.

“I’m a fan of this breakdown / reclaim. See this a pretty solid risk/reward long setup for a potential move back to range highs. And yes, $40,000 is still a magnet.”

Regarding the price of Bitcoin, at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $26,900.

Pseudonymous trader Bluntz, who is known in the industry for calling the 2018 Bitcoin bottom, also has high hopes for the king coin.

According to the latest reports coming from the inline publication the Daily Hodl, a popular crypto analyst is reaffirming an unpopular stance that Bitcoin (BTC) is about to break new highs this year, despite the recent rejection from $30,000.

The pseudonymous analyst known as Credible said that while liquidity gaps often get filled for many financial assets, it’s not a concrete rule.

He says that he doesn’t expect the gap at $20,000 to be filled anytime soon.

“There’s a gap at $20,000 that a lot have been eyeing up and using as justification for a deeper pullback form current levels.”