Bitcoin’s Fate For 2021 Will Be Determined By This Price, Analyst Says

The crypto market looks better today with the most important coins trading in the green. Bitcoin is not an exception and the king coin is now priced above $46k.

Crypto analyst Justin Bennett says one price level for Bitcoin could determine what happens to BTC the rest of the year.

He explained that he thinks a correction to the $40,000 range for Bitcoin seems logical, and that whatever happens after BTC hits that level could say a lot.

“A pullback to the $40,000 key weekly level makes a lot of sense here. That doesn’t mean it will happen, but it’s a scenario worth considering.”

He also said that Bitcoin may be showing a similar pattern to April when BTC formed a local top.

“BTC also bottomed with a bullish engulfing week in July.”

He also explained that a specific price level could determine the fate of BTC for the rest of this year.

Bitcoin adoption explodes

Bitcoin adoption is going great these days, and great things continue to happen in this direction.

App devs can choose Bitcoin payments in iPhones.

BBC News just noted that a court in Oakland, California, has ruled that Apple cannot stop app developers directing users to third-party payment options.

“Apple had argued that all apps should use Apple’s own in-app payment options,” according to the same notes.

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