Popular analyst Justin Bennett is updating his outlook on Bitcoin (BTC) after the king crypto soared 35% in just five days.
In a new analysis, Bennett says Bitcoin could make a more than 20% run from its current value.
Bennett updates his outlook on Bitcoin to analyze whether “the mind-bending pump that garnered 35% in five days” is over or if BTC has more room to run.
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He says Bitcoin could climb up to $30,000 if its price action sees a close above $25,000.
“Tuesday’s pullback is clearing out late longs and potentially flushing the liquidity build-up just above $23,000. An aggressive bounce from the $23,000-$23,500 area could send BTC back to $25,200. And a daily close above $25,200 would signal the next leg up
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