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. #bitcoinHistory tells us that a weekly close above the 0.65 fibonacci will send BTC into a new parabolic bull run.The 0.236 fib has often acted as a bottom and the 4.23 fib has been exceeded each time.This means a weekly close above $14,200 would see BTC reach over $75,000. pic.twitter.com/gBmUxx3nE7— NebraskanGooner? (@nebraskangooner) January 20, 2020 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. #bitcoinI'm flat at the momentThis looks a pretty clear trend breakdown with retest, but I wouldn't be surprised to see the trendline get retested again a little above $8.8k to sweep some stop losses on shortsIf the red box is reclaimed then we are likely to visit above 9k pic.twitter.com/eoZZ5GFM2f— NebraskanGooner? (@nebraskangooner) January 20, 2020 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. $BTCDaily closed under 200 DMA after an 8%+ dropCould potentially see a push up before continuation down and watching the support at $8000 to $8200 for a bounceBreak below $7700 would be bearish but not expecting it drop that low at this point in time pic.twitter.com/OssjCY0xGZ— Josh Rager ? (@Josh_Rager) January 20, 2020 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. $BTC Unpopular Opinion:The next Bitcoin peak high will not be as high as most people thinkLots of analysis out there point from $100k to $300k to $1MSimple rate of return will show you bottom to peak return reduces by around 20% each cycleIMO, next high hits $75k to $85k pic.twitter.com/EoWZqcWfbe— Josh Rager ? (@Josh_Rager) January 17, 2020 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. Question remains, is this a lower low rejection off the 200MA to form a new low like July ‘18 or is this a dump before a massive breakout like Feb ‘18?What do you guys think? Next week will be very telling for the overall macro ‘trend’Bear Analysishttps://t.co/0bmKNuLFxc— Jacob Canfield (@JacobCanfield) January 19, 2020 Currently, the main cryptocurrency is holding its price at $8,635 by losing 0.37% over the last 24 hours.