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.
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