Home » today » News » Tech analyst: Bitcoin price will soon reach $ 9,500

Tech analyst: Bitcoin price will soon reach $ 9,500

Trader Crypto Michaël presented two scenarios, according to which the price of the first cryptocurrency is likely to follow in the near future.

According to an optimistic forecast, BTC will soon rise in price to $ 9,500, but for this, the price needs to stay on the support range of $ 7500-7600 for some time.
If bitcoin falls below this area, a pessimistic scenario will be implemented with an accelerated fall to the levels of $ 6400 and $ 5800.

With Ethereum, which closely correlates with bitcoin, the situation is similar: a failure below $ 133 will return the price to the psychological level of $ 100.

Analyst Coindesk Omkar Godbowle also considers $ 7555 a key level. The failure of the price below this mark should not be excluded, given the candlestick pattern The top on the daily chart – a sign of uncertainty.

Schedule BTC / USD TradingView Bitstamps

However, Godbowl notes, the downward correction is accompanied by low trading volumes and may be short-lived. If the price manages to gain a foothold above the $ 8000 level, a local maximum retest around $ 8400 will not be long in coming.

The top ten most popular crypto assets currently looks like So:

The total market capitalization is $ 211 billion, the Bitcoin dominance index is 68.2%.

Recall a few days ago, several analysts expressed confidence in the continued rise in the price of bitcoin.

Subscribe to ForkLog’s Channel YouTube!

Found a mistake in the text? Highlight it and press CTRL + ENTER

subscribe to news Forklog


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.