The price of Bitcoin (BTC) is now back above $9,000 resistance level, but the possibility that the digital currency has the enough strength to leverage the level as support for the next price uptrend is still uncertain.
However, the popular cryptocurrency trader and analyst, Josh Rager has recently shared via his Twitter handle that Bitcoin would be extra bullish if this month closes above $9,250 Price.
He furthered that the attainment of the aforementioned price level would aid its price to advance beyond $10,000 and could also redisplay the price action it showcased between June and September 2019.
He said, “Good looking candle on the monthly chart, looks like it wants to overtake the Nov. open It would be extra bullish if this month closed above $9250 Price would likely look to push up over $10k and re-test the POC of the June to Sept ’19.”
Good looking candle on the monthly chart, looks like it wants to overtake the Nov. open
It would be extra bullish if this month closed above $9250
Price would likely look to push up over $10k and re-test the POC of the June to Sept '19 pic.twitter.com/Hxl5yZys7Y
— Josh Rager 📈 (@Josh_Rager) January 28, 2020
Another Analyst Corroborates Josh Rager’s Assertion
Loma is also a popular crypto chartist with a lot of Twitter active followers that are ready to hear his opinion regarding the next possible trend of any digital currency of their choice.
In one of his recent tweets where he captioned a chart similar to Rager’s, he averred that “weekly looks pretty good”, concluding that Bitcoin would be bullish above $9,600 price level.
He said, “Trying my best these days to not get sucked into the LTF noise. Weekly looks pretty good. Above $9,600 and I think everyone gets a girlfriend.”
CZ Binance Says Now is the Time to Unfollow People Who Predicted BTC to $1,000
The CEO of Binance, Changpeng Zhao, popularly known as CZ Binance, recently reacted to BTC breaking above $9,000 resistance level, as he is obviously a Bitcoin fan, judging by his occasional comments regarding the first and largest cryptocurrency.
CZ Binance said now is the right time to unfollow people who forecasted that BTC price will nosedive to $5,000 some months ago. He did not stop there, he also added those who predicted a year ago that BTC price will downtrend to $1,000 price level, tagging them as bad influences that need to be ejected.
He said, “Now is the time to unfollow people who predicted btc to 5000 in the last couple months, and btc to 1000 a year ago. Removing bad influences in life is essential for success!”
The above statement made by CZ Binance was a reaction to a recent tweet shared by Anthony Pompliano, the Bitcoin maximalist, and Co-founder at Morgan Creek Digital, where he said;
“Never forget the people who held conviction throughout the Bitcoin bear markets and never forget the people who yelled and screamed about Bitcoin’s impending doom throughout the Bitcoin bear markets. Both are important but only one will ultimately be right”
As aforementioned, there is no certainty that Bitcoin would be able to maintain its stay above $9,000 resistance. At the time of filing this report, BTC is trading at $9,007.79, with a 4.09% price uptrend in the last 24 hours.