There are various predictions about the price of Bitcoin these days. Check out the latest reported about this below.
BTC to see a massive boom in price
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $26,548.
A crypto strategist who is closely followed has provided insights on how Bitcoin (BTC) can regain its bullish momentum and rally toward a new all-time high.
According to Credible Crypto, a pseudonymous analyst with a Twitter following of 340,600, Bitcoin bulls have managed to protect a crucial support level at $25,000 after a corrective move on Monday.
According to Credible Crypto, a pseudonymous analyst with a Twitter following of 340,600, Bitcoin bulls have managed to protect a crucial support level at $25,000 after a corrective move on Monday.
“I consider the 1st target met at this point – which means anything lower is a ‘bonus.’ Will only be driven by forced liquidations and the minute we manage to reclaim $27,500, we probably squeeze up and see a full-on reversal.”
According to the trader, he is currently accumulating Bitcoin at its current market price. He believes that if Bitcoin surpasses $27,500, it could potentially soar to a new all-time high.
“I’ve started buying spot BTC as per the plan.
Haven’t hit ‘sub-$25,000’ yet but took our lows at $25,800-ish…
Keeping it simple: Can fish for liquidations into $22,000-$23,000. Downwide capped at $20,000, in my opinion.
Reclaim $27,500 and we are ready for continuation to new all-time highs.”
BTC more price predictions
According to a popular on-chain analyst, there is an indication that Bitcoin (BTC) may experience a surge in value this month.
A well-known analyst named Willy Woo has shared with his one million Twitter followers that Bitcoin’s cost-basis analysis suggests a potential rally for the leading cryptocurrency in June.
Investors pay a price to acquire an asset like Bitcoin, which is referred to as the cost basis.
“Cost basis analysis showing upside looking better than downside.
Summer months are typically flat or bearish, but every June inside the re-accumulation phase has been bullish, we’re in one such window.”
Woo also said the following:
“There’s a window for BTC to rip in June. My educated guess would be a week away for the opportunity to open. Let’s see.”
