The optimistic predicitons about the price of digital assets continue. The crypto market looks good today, and at the moment of writing this article, BTC is trading in the green.
Bitcoin is currently trading at $47,160. Check out a new prediction about the price of the king coin below.
Bitcoin to race towards $70k
The popular crypto analyst Nicholas Merten explained that Bitcoin is in the middle of a push to $70,000, with one critical resistance level left in play.
He recently said that Bitcoin is currently facing a big point of resistance between the $48,000 and $50,000 range.
The analyst predicted that BTC is now putting up a fight at current levels for the better part of next month before making its next attempt at convincingly shattering the $50,000 range.
“All the while I would love for the price to just go vertical tomorrow, we’re probably going to see price starting to continue retest this range, break above there, start to have some consolidation, might be even little bit of volatility, it might even break to $50,000 and break resistance there. The key point I want to focus on is that price is probably going to chop sideways for a lot of April before we can start to see a trend higher….”
He continued and explained the following:
“The key point I want to talk about is the importance, significance and the benefit of turning resistance into support. It solidifies, it sends a message that the trend is no longer one to be skeptical of or conflicted about, that the bulls are in charge. They’ve turned any points of setbacks into new support and they’re ready to leap higher in price.”
Despite the massive market volatility, the rear various optimistic predictions about the price of Bitcoin and other digital assets as well. Stay tuned for more news, and make sure to keep your eyes on the market.
