Analyst opines on what may help Bitcoin finally jump to $24,000 level
Analyst Ali Martinez shared a chart that shows how bitcoin could move higher from the current $20,658 level towards the $24,000 price line.
“Bitcoin is gaining strength,” “an upswing to $24,000” may occur
Ali Martinez believes that Bitcoin is becoming stronger at the moment, analyzing a BTC chart, as the weekly BTC RSI has moved up above 37.
Ali believes that once there is a “continuous move” above the 21-week MA, it is likely to move towards the 200-week MA towards the $24,000 level.
As reported by U.Today earlier this week, prominent trader Scott Redler tweeted that it is time for the largest digital currency on the market to surge a little higher.
Bitcoin may remain in the range of $17,600-$25,000
According to Bloomberg, a recent MLIV Pulse survey shows that investors expect bitcoin to continue trading between $17,600 and $25,000 this year. Furthermore, he believes that the SEC’s recent investigations against several crypto platforms, two of which have gone bankrupt – Celsius, Three Arrows Capital and Yuga Labs – will have a positive impact on the crypto space as a whole.
Respondents believe that the space will become safer and generally “better off” with a larger amount of regulation added to it.
