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.


Stay tuned for more juicy news from the crypto space.

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