Leading cryptocurrency Bitcoin (BTC), With its last rise yesterday, it reached the highest level seen since January 5th.
It is definitely a positive development for investors that BTC reversed its downtrend and turned upwards.
Bitcoin price as of the time of writing this article $45,200 It is trading at the level and the $44,000 resistance was also breached. BTC, which has gained 5.26% in the last 24 hours, is now targeting $ 46,000.
Analysts’ Opinion Same for Bitcoin
Co-founder and renowned analyst of the Upstrem cryptocurrency exchange Mark Elenowitz, In his statement on the subject, he stated the next resistance point and what will happen:
I think the next resistance point is around $46,000. If this place breaks too, we can easily exceed $50,000. However, if this resistance is not broken in the coming days, there may be a pullback to the $38,000 support this time. If this pullback is seen, the weekly support is broken and $30,000 can be expected again.
Despite this, the analyst stated that the support of $ 38,000 is very strong and it does not seem possible to go below it. Emphasizing once again that the critical point here is $46,000, another person joined the analyst.
Katie Stockton In his statement on the subject, he stated that a new rally will start above $ 46,700. Expressing that he saw a price increase in the medium term, the analyst announced that he also bought BTC with his own fund. The analyst, who does not give a clear target for BTC, expects the old record to be renewed. This is the minimum $70,000 is pointing.
*Not Investment Advice.