The post A New All-Time Ahead For Bitcoin Price Above This Key Level appeared first on Coinpedia Fintech News
Even when there are rising fears over restrictive measures by the US government, the first born cryptocurrency Bitcoin has surged nearly 50% in 2023. Moreover in the early hours today the Bitcoin price had even hit the $25,000 area before making a slight fall back around $24,000 level.
At the time of reporting, the flagship currency is selling at $24,919 after a surge of 0.40% over the last 24hrs and 15.06% increase in the past week. Bitcoin’s immediate resistance is at $25,200 while the support is positioned at $24,800 level.
A New Bull Run For Bitcoin Price
Meanwhile, a well-known crypto analyst known as Dave the Wave informs his Twitter followers that Bitcoin is about to see a massive spike. This is because the analyst is of the opinion that the start of cryptocurrency is mostly following its 2019 pattern where it had surged from low of $4,000 to $14,000 in a few months.
If his predictions turn out to be true, then as per his chart Bitcoin price could hit as high as $50,000 by May. Further while Dave analyzes Bitcoin’s all-time high, he claims that BTC will hit ATH at $150,000 by 2025.
Next, the strategist states that Bitcoin might see a correction around $25,000 before the currency moves towards $68,000 and hit $150,000.
The above claim indicates that Bitcoin price is certainly aiming for a new bull run above $25,000. If BTC moves past $25K the very next target will be $26,000 and $27,000 area.