Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next

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Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next - NewsBTC

Quick Summary:

The crypto analyst added that the flagship crypto is now running into a resistance at its current level, with the 200-day Exponential Moving Average (EMA) and the level it has been struggling with for a while. Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do Jelle predicted that a Bitcoin price breakout above $97,000 could lead to new highs for the flagship crypto.

The analyst also explained why the flagship crypto’s current outlook is bullish, which could lead to further gains. Where The Bitcoin Price Is Headed Next In a TradingView post, MadWhale predicted that the Bitcoin price could record a 17% gain and rally to a new high of $110,000.

On the other, Donald Trump’s inauguration provides a bullish outlook for the flagship crypto. Trump has promised to create a Strategic BTC Reserve, which is bullish for the Bitcoin price, as it could lead to widespread nation-state adoption of the flagship crypto.