March 29, 2024

Tech analyst: Bitcoin price will soon reach $ 9,500

TraderCrypto Michaël presented two scenarios according to which the price of the first cryptocurrency is highly likelywill follow soon.

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According to an optimistic forecast, BTC will soon rise in price to $ 9,500, but for this, the price needs to stay on the support range of $ 7500-7600 for some time.
If bitcoin falls below this area, then a pessimistic scenario will be implemented with an accelerated fall to the levels of $6400 and $5800.

With Ethereum, which closely correlates with bitcoin, the situation is similar: a failure below the $ 133 mark will return the price to the psychological level of $ 100.

CoinDesk analyst Omkar Godbowle also considers $ 7,555 a key level. A price dip below this mark should not be ruled out, given the “Top” candlestick pattern on the daily chart - a sign of uncertainty.

Tech analyst: Bitcoin price will soon reach $ 9,500

TradingView BTC / USD chart from TradingView

However, Godbowl notes, a downward correctionIt is accompanied by low trading volumes and may be short-lived. If the price manages to gain a foothold above the $ 8000 level, a local maximum retest around $ 8400 will not be long in coming.

The top ten most popular crypto assets currently looks like this:

Tech analyst: Bitcoin price will soon reach $ 9,500

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The total market capitalization is $ 211 billion, the Bitcoin dominance index is 68.2%.

Recall, the other day, several analysts expressed confidence in the continued growth in the price of bitcoin.