2.2 C
9 December 2021
Image default

Bitcoin Next Test Level is $90,000: Fundstrat

After reaching a new all-time high, Bitcoin is likely to test $90,000, Fundstrat strategists believe

Bloomberg has reported that strategists of Fundstrat have shared the bullish path the flagship cryptocurrency is likely to take next.

They reckon this path may lead Bitcoin to testing the $89,000-$90,000 price mark.


In its Wednesday report, Fundstrat said that after breaching the $65,000 level, Bitcoin is likely to test first $72,500 and then move on to testing $89,000.

Earlier this week, Bitcoin reached a new all-time high of $66,930. The rally took place on the anticipation of the BTC ETF launch, followed by its actual rollout by ProShares on the New York Stock Exchange. Besides, large crypto holders, widely known as whales on the market, have been purchasing Bitcoin and moving it off exchanges to their cold wallets for long-term storage.


Many experts are expecting Bitcoin to reach $100,000 by the end of 2021, including the new chief of BitMEX, Alexander Hoptner, who shared his take with Bloomberg TV earlier today.

News Source


Related posts

Bitcoin (BTC/USD) forecast and analysis on January 7, 2019


Bitcoin Forecast and Analysis September 14 — 18, 2020


Bakkt Futures Volume Hits $122 million, as Bitcoin Reached New 11-Month High


Leave a Comment