Is Bitcoin (BTC) Ready to Rally and Click Another Yearly High?
Share:
Predictions Markets
See what traders are focused on
- An analyst posted that Bitcoin’s uptick may not be over for the year, predicting another uptrend.
- BTC attempted to cross $38,000 but was rejected at $37,917.
- If buying pressure increases as it has in the last 24 hours, BTC may hit $40,000.
Crypto analyst Michaël van de Poppe, in a post shared on X, noted that Bitcoin (BTC) could soon hit another high. From the chart he shared, the analyst revealed that BTC may climb above $38,126 anytime from now on.
With a Year-To-Date (YTD) performance spanning a 125.57% increase, BTC jumped another 5.21% in the last 24 hours. However, van de Poppe’s post also showed that the uptick could result in a decline in the $36,000 direction.
At the time of writing, BTC was changing hands at $37,501. The hike in BTC’s value could be linked to the opportunity buyers may have spotted on the BTC/USD chart.
Up Only for Bitcoin?
A look at the Relative Strength Index (RSI) showed that the value dropp…
The post Is Bitcoin (BTC) Ready to Rally and Click Another Yearly High? appeared first on Coin Edition.
Read More
Bitcoin Dips Below $66,000: Market Context and Key Levels to Watch
