Bitcoin (BTC) is fluctuating between $45,500 and $50,000, but failed to make steady closes above its critical resistance. According to 3 crypto analysts who shared their price targets, when BTC will reach 6-digit prices will be shaped in the $ 50,000 region. Let’s take a look at the latest Bitcoin price predictions from 3 popular expert cryptocurrency analysts on Twitter.
Justin Bennett comments on the $40,000 support for Bitcoin
cryptocoin.com Justin Bennett, whose analysis we share with you, says that Bitcoin may form a double bottom after retesting 4 December lows around $40,000 before starting a rally above $60,000:
I still want to see BTC fill the wick on December 4th. Maybe something like this…
Bennett explains why Bitcoin is still bullish even if it drops below the key psychological level of $40,000. According to the analyst, BTC may continue its march to $53,000 after retesting $40,000. Bennett notes that falling below $40,000 is pretty “bleeding,” but Bitcoin has similarly breached the $35,000 region in early 2021. As for bullish prospects, let’s take a look at the recent tweets of 2 familiar cryptocurrency analysts.
Analysts think the rise will be shaped from the $ 50,000 region
Next, let’s take a look at JrKripto’s Bitcoin predictions with 152,000 Twitter followers. JrKripto says that the $49,950 resistance in Bitcoin, which has not been exceeded since December 13, is critical. According to the analyst, if BTC can sustain above the $49,950 and $52,320 levels, the next levels are $59,950 and $63,696. JrKripto is setting the following levels above $70,000 if Bitcoin persists above $63,696.
He shared critical resistances in Bitcoin on Paradotor with 765,000 followers. According to the analyst, after exceeding $53,000, $57,000 and $65,500, the 6-digit Bitcoin price may occur in the first quarter of 2022. The analyst identifies $42,000 as critical support.
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