January 21, 2020

Bitcoin Price: The Trigger to Unlock New Highs Can Be $9,200 Level

Bitcoin Price: The New Factors to Open Surge Price Possibility

A multiple rise in the price of a coin will occur if its price overcomes the resistance of $9,200 and $14,200, according to an analyst Poppe and cryptocurrency trader Nebraskan Gooner. Otherwise, the cryptocurrency rate will enter a phase of long-term decline.

Bitcoin can go up to $75,000, wrote a trader and founder of LeveInvest, Nebraskan Gooner, on his Twitter account. He made such a conclusion, based on previous fluctuations in the rate of the first cryptocurrency.

The expert noted that every time the price of Bitcoin on the weekly chart turned out to be higher than the Fibonacci correction level of 0.65, the value of the coin went into a phase of parabolic growth. Thus, an asset rally will begin if its price rises above $14,200 by next week, Gooner is sure.

He also shared his opinion on the upcoming market move.

A more modest scenario was suggested by Michael van de Poppe, an analyst at the Amsterdam Stock Exchange. In his column on the Cointelegraph, he writes that Bitcoin will be able to rise in price to $10,000, and then to $11,000 if its rate rises above the resistance level of $9,200. Another obstacle to the growth in the value of the first cryptocurrency, Poppe called two Fibonacci correction levels, which correspond to the levels of $9340 and $9900.

The Bitcoin price reduction scenario was led by John Rager, an analyst, and founder of Bloсkroots trading service. According to him, shortly, the digital coin may become cheaper to the support level of $ 8000-8200. However, if its asset rate drops below $7,700, it will enter a phase of long-term decline, the expert said. Recently, Rager also suggested that the BTC price may hit the target between $75k and $85k.

Bitcoin Price: The Significant Drop is Also Possible

A possible collapse scenario of the Bitcoin exchange rate is also possible as it was expressed with confidence by the trader and founder of Signal Profits, Jacob Kenfield. In his opinion, the first cryptocurrency began to get cheaper when it met resistance at the level of $ 9000-9200, where the 200-day moving average takes place. Because of this, the price of a coin may fall first to $7000, and by July – to $5000, the expert predicted.

Currently, the main cryptocurrency is holding its price at $8,635 by losing 0.37% over the last 24 hours.


This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

You may also like
March 31, 2020
Positioning Bitcoin As An Asset Outside The Regulatory System Does Not Comply With Satoshi’s Document: Expert Opinion

Since its inception, Bitcoin has been trying to maintain the image of an independent, decentralized asset. Crypto-Papa Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission [CFTC], cast doubt on this postulate. He is convinced that the official document of Satoshi does not mean that Bitcoin should remain outside the control of the government and regulatory bodies. He recently commented on this statement: “According to Satoshi’s concept, Bitcoin should become a digital currency, which will avoid the mediation of banks and commercial institutions in conducting financial transactions. But nothing is said that Bitcoin should be outside government and

March 31, 2020
Rising Concerns Among Traders: Crypto Fear & Greed Index Shows “Extreme Fear”

Cryptocurrency from the moment of its appearance on the world financial market was widely estimated by many as a risky asset. Despite a record drop in March 2020, the digital currency rebounded from a critical low. Now cryptocurrency feels more confident amid falling stock markets. Despite this, the fear index remains high. During the recent fall in Bitcoin prices to $3,000, the fear index reached 10 points. This is the highest rate compared to the crises that the digital currency previously faced in 2018 and 2019. What is important to know about the Crypto Fear & Greed Index? The Crypto

March 30, 2020
Stellar Time For Bitcoin: Can It Reach The Highs?

Many analysts believe that the global crisis could become a runway for Bitcoin. In a situation when the world was swallowed by panic, traditional markets showed their weakness, Bitcoin can demonstrate its stability and sustainability as an asset. In their opinion, now is the most favorable time for Bitcoin. But can it use it? Global Crisis as a Growth Point for Bitcoin In the current market conditions, Bitcoin has a super opportunity to prove its advantages over traditional assets and attract a new stream of users. Leading cryptanalysts tirelessly repeat this. Recently, one of the Tone Vays followers on Twitter

Get early access

Don’t miss your chance to pre-register today and enjoy all the benefits of early adopters in the future!