Elon Musk was recently invited to Tucker Carlson’s chatroom, and he had to say some really interesting things about Bitcoin.
There have been a lot of optimistic predicitons about the price of Bitcoin these days and a lot of them have been triggered by the news involving the potential acceptance of BTC ETF.
Crypto trader Kevin Svenson seems to have a really strong bullish sentiment on Bitcoin (BTC), and he recently told his subscribers on YouTube via a video that after BTC is able to convert a key resistance level into support, the king coin could appreciate by 130% from the current price.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $29,687.
He believes the following:
“Ultimately, once we do get above that $32,000 on that resistance and we flip it and confirm it as support, that’s likely going to usher in a huge push towards the all-time high [of slightly over $69,000].”
He also stated the fact that after this, the volatility of Bitcoin will rise once the $32,000 resistance level flips to support.
“Once we break above this resistance [$32,000], we start re-entering this range [$32,000 – $70,000], the swings are going to likely start to pick up quickly. Because you can see from $32,000 to the top, to the low, to the top, these swings are pretty rapid.”
Things are heating up around the most important digital asset out there as we speak.
#Bitcoin went from 26k to 30k just from these words alone! 📈🚀
Let that sink in! 🥳📈On behalf of all #BTC Hodlers I thank you! Jim 🙏🍷
GM all hodlers! Specially you @saylor 🤝🔥 pic.twitter.com/bXrN3wDjlp
— Seth (@seth_fin) October 21, 2023
Stay tuned for more juicy news from the crypto space.
