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.
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
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!