Bitcoin

Bitcoin Price To Witness A Bull Run Soon, But Only Under These Conditions!

Published by
Delma Wilson

Last week, Bitcoin price bottomed out at around $19k and $20k. Currently, the support looks strong and can pull down BTC even below.

The currency started September by trading at $20,049, and since then, the currency has been on a rollercoaster ride of sorts. On September 13, Bitcoin hit $22,781 before making a steep fall of 20.34%. However, at present, Bitcoin is trying to find its stance as the currency is selling at $19,469 after a minuscule surge of 0.02% over the last 24hrs. This upward movement by the lead cryptocurrency has pushed the entire market to trade in the green.

Bitcoin Price Near $24k?

Among many experts putting out their opinions, one of the well-known market analysts, Michael van de Poppe, claims that if BTC maintains its price action above $19,000 or manages to reclaim the $19.3k level, the currency will see some positive price movements.

As bitcoin is now trading above $19.4k, the analyst’s prediction might turn out to be true.

Meanwhile, another analyst- Josh Rager- claims his bullish stance towards Bitcoin and says BTC will move north and hit a target of $21k or even higher at $24k.

Even the analytic firm santiment report suggests that while S&P 500 has dropped by 2.4%, bitcoin org and ethereum are maintaining their trend opposite to stocks. This non-correlation segment is positive news for the industry.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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