Bitcoin (BTC) Price Will Hit Six-digit Predicted by Crypto Analyst

Bitcoin (BTC) Price Will Hit Six-digit Predicted by Crypto Analyst
  • Bitcoin (BTC) price will hit six-digit predicted by Crypto Analyst
  • BTC handled to record an intraweek high of $56,100.
  • For the first time, Bitcoin reached over $55,000 price after the flagship.

Crypto giant Bitcoin (BTC) is an amazing phenomenon in and of itself. The blockchain technology of Bitcoin allows various industries to transform from finance to healthcare. In the past week, BTC breaks the strong support line and cracks the September high of $52.9K. BTC handled to record an intraweek high of $56,100, diving deeper into the resistance level of $55,000 to $58,000.

According to cryptocurrency analyst Michaal van de Poppe, with this continuous increase of Bitcoin price, it is expected to hit the six-digit price. Currently, Bitcoin’s support level is around the $49,800 to $51,000 level, as per the crypto analyst, since may for the first time Bitcoin reached over $55,000 price after the flagship. Eventually, Bitcoin may also drop between $40,000 and $44,00 in case of any corrections.

Moreover, the crypto analyst also believes that Bitcoin will range before increasing over the current record high of $64,804. Van de Poppe mentioned, 

“So we get some sideways action, get to watch the all-time high. And then we probably assume that we’re going to get towards $260,000 or higher”.

BTC Current Market Status

Henceforth, as per CoinMarketCap, Bitcoin’s (BTC) price was waving in the range of $54,906, with the 24-hour trading volume of $36,869,563,115. At the time of writing, BTC’s price has increased 0.29% in a day. The circulating supply of Bitcoin is 18,839,650.00 BTC. In the last 7 days, Bitcoin price has increased by over 14%, and in the last 30 days, it has surged by nearly 18.92%. According to this continuous bullish trend, we expect BTC to hit a six-digit price, also it will hit a new all-time high (ATH) soon.

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