Bitcoin and cryptocurrency analyst, who goes by the Twitter handle, Crypto Rand, expects for the world's number one cryptocurrency to break to the upside and potentially hit the $10,000 level.
In a recent tweet, popular Bitcoin and crypto analyst Crypto Rand, suggested to his 212K Twitter followers, that he expects Bitcoin to trade within a triangle for the next few weeks, and then make an upwards break, all the way to the $10,000 price mark.
As the analyst shows in his graphic, the only key resistance holding Bitcoin back from reaching such highs is the $8,400 resistance level.
#Bitcoin heating up for $10K pic.twitter.com/34jIuCocJY— Crypto Rand (@crypto_rand) May 19, 2019
Another popular crypto analyst, The Crypto Dog, joins Crypto Rand's sentiment, and point out that it has been one 'Hell of a bullish weekly close on Bitcoin with near record-breaking volume', adding that this solidifies 'the strength and validity of this rally'.
Hell of a bullish weekly close on #Bitcoin with near record breaking volume, solidifying the strength and validity of this rally. $BTC / $USDis full 🐂— The Crypto Dog📈 (@TheCryptoDog) May 20, 2019
Weekly resistance: ~8215
Weekly support: ~7300 pic.twitter.com/NpMIPxkcaY
Just yesterday Chepicap reported that nobody expected the world's number one cryptocurrency to bounce back this quickly from recent events, as Bitcoin denied the flash crash and showed a confident bounce back to the $8,100 price levels.
Crypto trader & investor, Josh Rager, suggested that if Bitcoin manages to close its weekly candle closer to $8,216, a move to $9,600 could be in the cards.
$BTC - Weekly Chart— Josh Rager 📈 (@Josh_Rager) May 19, 2019
To clarify, why $9600 is because this is viewpoint from higher time frame charts
There will be resistance along the way and could take more than a few days even if the daily/weekly closes above $8216
Weekly volume looks amazing pic.twitter.com/6xM6zmwrd9
However, at the moment, Bitcoin is trading at around $7,778 and is showing a loss of -2.60% on the day.
