$60K Could Be The Next Stop For Bitcoin Price, Will It Make It this Week?

Bitcoin Dogecoin Price prediction Analysis
Bitcoin Dogecoin Price prediction Analysis

$60K Could Be The Next Stop For Bitcoin Price, Will It Make It this Week? – Bitcoin price could pull another leg up to pierce through the $50000 levels in the coming week or in the next couple of days.

The upcoming surge could lead the price towards the ATH somewhere above $60,000 in case the resistance levels around $50,000 is attained

Bitcoin price after dumping below $44,000, bounced back and slashed through the upper resistance levels to head towards $48,000. The assets are currently consolidating above $47500, preparing for the next movement. The possibility of the BTC price surging close to $50K appears to be high.

Following a couple of steep setbacks, the price is following a steady approach. It consolidates after each jump for a while before pulling the next leg. But currently, it is hard to say the direction of the leg as the asset has recorded both pumps and dump after consolidation. However, the possibilities of the price hitting $60,000 are also on cards.

60K Could Be The Next Stop For Bitcoin Price
60K Could Be The Next Stop For Bitcoin Price

A popular analyst AlanSantana, predicts the asset is ready to bounce to the levels above $60,000 with the next move. As displayed in the chart put up by the analyst, the price has formed new higher support levels and rebounds well. The 200-day MA levels could be deciding yet again, as it is acting as strong support levels.

Bitcoin moved above these levels which was followed by a quick retrace a couple of days ago. And with the start of the fresh day trade, it yet again appeared to be bullish with strong indicators as support. Moreover, the daily close over the 200-day MA with a huge green candle points out towards a massive rally waiting ahead.

Collectively, the bitcoin price remains pretty bullish as it stands strongly above $47,500 comfortably. Also with the weekend boost, the buying pressure could also jump relatively assisting the rally to move towards the north close to $60,000.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.

About Sam Gabriel 1699 Articles
Samson Gabriel a graduate of mass communication from Auchi Polytechnic, he is a passionate writer with experience in radio scrip writing. He brings his experience from the broadcast media into play here as he continues to enjoy his passion as a journalist. He can be contacted via whats-app on: +234701105670

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