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Bitcoin Could Surge By Almost 50% – Here’s The Bullish Scenario

There are all kinds of optimistic predictions about the price of Bitcoin and the altcoins these days, despite the massive market volatility. Check out the latest reports below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $24,407.

Bitcoin prediction is out

An important crypto trader and analyst is revealing how Bitcoin (BTC) could soar by nearly 50%.

Crypto analyst Justin Bennett said that if the price of Bitcoin closes above $24,200, the next target is $26,500.

“Now, if we do get those reclaims above $23,450 and $24,200, then the next resistance area for Bitcoin is going to be around mid $25,000.”

He continued and also said this:

“So right around $25,400 followed by mid-$26,000 is right around $26,500.”

Bennett says that after breaking above $26,500, Bitcoin will have to overcome the $30,000 level in order to appreciate by about 46% from the current price and hit the next target of $38,000.

”So if we can see Bitcoin reclaim those two levels that I mentioned and start to move higher over the coming days, then here are the two key areas I’m watching over the coming weeks.”

He also said:

“Now, the first one comes in right around $30,000, and that’s because of the consolidation that we saw back in May… so $30,000 area is going to be a huge area for Bitcoin. Above that, we do have the confluence of resistance up around $38,000…”

The optimistic crypto predictions continue to come despite the massive volatility of the prices that we can see in the market.

Ethereum is also surrounded by optimistic predicitons.

Galaxy Digital founder and CEO Mike Novogratz says Ethereum (ETH) possesses more upside potential even after surging by over 90% from its 2022 low reached in June.

Novogratz said during a Bloomberg interview that Ethereum could rise higher if it manages to break through a key resistance level at $2,200.

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