Analyst Says Bitcoin (BTC) is Heading to $16k as Market Resumes Upsurge

2019-6-24 00:52

After an impressive bullish stunt, Bitcoin (BTC) slowed down a little bit and things started becoming stale. That period is over now as the market starts its upsurge again with Bitcoin gaining over 5% in less than 30 minutes. Things seem to be back in shape as cryptocurrency analyst known as Galaxy says the next target is $16,000 and Bitcoin is going there fast.

Via TradingView

Bitcoin had earlier yesterday broken through $10,000 and right to $11,000 in less than 24 hours. While this got a lot of hope up, the market eventually drew back slightly, a move that was described as a feature and not a bug. This was also considered to be an opportunity for altcoins to grow as Bitcoin dominance dropped slightly.

Another analyst, Josh Rager says Bitcoin could be going up as it holds above the trendline. In a tweet, he said:

“$BTC – breaking up from the formation

With CME futures about to kick off again in a few hours and Bitcoin slowly making it’s way up from the formation

We could see price hold above the trendline and continue to move up

The fun isn’t over :)”

Most of the analysts in the cryptocurrency space are convinced that Bitcoin is going really high this time. In fact, they say Bitcoin could be going to 2017 all-time high of $20,000 in the next few days. From there, others have projected much higher prices with the medium term ultimate set at $100,000 by Max Keiser and other Bitcoin bulls.

As usual, Bitcoin is leaving most altcoins behind except for Ethereum which seems to be gaining at the same pace with Bitcoin. Other green alts are only at marginal gains while major ones such as Binance Coin (BNB), Litecoin (LTC) and EOS are in the reds at the time of writing.

All hope may not be lost for altcoins though as the alt season is expected to start any moment from now. For now, the question is how long it will take for Bitcoin to actually hit $16,000 and where will it go from there.?

The post Analyst Says Bitcoin (BTC) is Heading to $16k as Market Resumes Upsurge appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66298.6 (+0.08%)
Объем 24H $19.559b
Изменеия 24h: -0.92 %, 7d: 7.72 %
Cегодня L: $66031.14 - H: $66391.13
Капитализация $1306.123b Rank 1
Цена в час новости $ 10985.72 (503.5%)

bitcoin analyst market upsurge btc says 16k

Источник: zycrypto.com

bitcoin analyst → Результатов: 126


Фото:

Bitcoin To Reach Escape Velocity? Analyst Makes The Case

An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the Volume-Weighted Average Price (VWAP) oscillator of the cryptocurrency.

2024-5-7 05:00


Bitcoin (BTC) Is Expected to Crash 21% Again, Here’s Why

A popular crypto analyst on Tradingview is warning investors to brace for another significant decline in Bitcoin’s price in the lead-up to the upcoming halving event. The analyst, who goes by the name “Xanrox ” on the platform, released a detailed technical analysis suggesting Bitcoin could plummet by as much as 21% from its current […] The post Bitcoin (BTC) Is Expected to Crash 21% Again, Here’s Why appeared first on CaptainAltcoin.

2024-4-17 19:30


Analyst Predicts Bitcoin to Reach All-Time High in January If BTC Hits This Price – But There’s a Catch

In a recent tweet, crypto analyst BitQuant provided a thought-provoking perspective on Bitcoin’s potential journey to all-time highs. According to BitQuant, if Bitcoin manages to reach the $40,000 mark, it has opted for a slower trajectory, with the likelihood of attaining record highs not until the end of January.

2023-12-11 14:30


Breaking Key Bitcoin Resistance Enables “New ATHs Every Single Time” According to Top Analyst – Here’s His BTC Outlook

According to prominent crypto analyst Rekt Capital, Bitcoin is approaching a crucial technical level that, if broken, could set off a new parabolic bull run. In his latest video, Rekt Capital discusses the major resistance zone between $58,000 and $69,000, emphasizing how turning this area into support is key for Bitcoin’s next rally.

2023-11-9 19:30


Why SEC Has ‘No Choice’ but to Approve the Bitcoin Spot ETF, Despite Recent Delay – Top Analyst

The Securities and Exchange Commission (SEC) has postponed decisions on several proposed Bitcoin exchange-traded funds (ETFs), including a high-profile application from BlackRock. The delay comes amid an expected government shutdown, but crypto analyst Crypto Rover asserts approval is inevitable given mounting legal pressure and impending deadlines.

2023-9-29 10:39


Bitcoin may be near its next leg up – analyst says

Canaccord Genuity analyst sees upside in Bitcoin to over $38,000. Javed Mirza explained his bullish view in a research note today. Bitcoin is already up about 80% versus the start of the year. It’s a suitable time for long-term investors to build their positions in Bitcoin as the chart suggests it may be about to […] The post Bitcoin may be near its next leg up – analyst says appeared first on CoinJournal.

2023-7-20 22:33


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru