Bitcoin Must Hold This Crucial Level To Sustain Bull Run, According to Valkyrie Investments CEO

Bitcoin Must Hold This Crucial Level To Sustain Bull Run, According to Valkyrie Investments CEO


The top executive of Valkyrie Investments says that Bitcoin (BTC) could see a massive price surge for the rest of 2021 if it can maintain a support level above $50,000.

In a new interview on Bloomberg Quicktake, chief executive officer Leah Wald says that the $50,000 mark is a crucial level for BTC and that crossing it could trigger a bull run.

 

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“That real key psychological barrier is that $50,000 price level… If BTC can push past $50,000 and maintain this price, we do expect this bull run to take it to near highs in the fourth quarter.

[But] if BTC keeps meeting resistance at $50,000 and cannot break through or establish support, our analysts do think that it likely will fall back to

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