Friday, May 7, 2021

Bitcoin Price: This Breakout could lead to the Biggest in BTC’s History –Popular Chartist Hints

A popular cryptocurrency analyst identified on Twitter as CryptoBull has some hours ago shared that Bitcoin is on a breakout that could lead to the biggest in the history of the digital currency.

This assertion shared with his over 150,000 followers has since attracted tons of mixed reactions from the crypto community members.

Bitcoin (BTC), the largest cryptocurrency by market capitalization has seemingly started its usual price uptrend considering its performance in the past hours.

About 24 hours ago, Bitcoin was priced around $9,200 price level. The retraction that brought the price to that level from around $9,400 raised concern among the crypto pundits. Some were of the opinion that Bitcoin is on the way to retest $8,000 price region, while some claimed otherwise.

However, the price of Bitcoin (BTC) has resurged and it’s now priced above $9,500. Other top digital currencies such as ETH, BCH, BSV, LTC, EOS, XTZ, ADA, ETC, and others also reacted well to this bullish moment in the market.

BTC is leading the way due to its sovereignty on other cryptocurrencies. And this is expected to continue many years to come. At the time of filing this report, BTC is trading at $9,659.76, with a 4.32% price upsurge in the last 24 hours.

CryptoBull Hints about Possible Historical Breakout of Bitcoin Price

CryptoBull is one of the most popular cryptocurrency analysts in the crypto ecosystem judging by the capacity of Twitter followers he has accrued over the years.

He recently shared a tweet regarding the next price action of Bitcoin (BTC), the first and largest cryptocurrency.

In the tweet where he captioned the chart of the price trend of BTC, he pointed out that the digital currency is on a breakout that is likely to result in its biggest weekly candle in history.

He said, “The breakout from this thing is likely to lead to the biggest weekly green candle in bitcoin’s history. Consider yourself warned!”

Michael Novogratz Says Bitcoin (BTC) has $10,000 Looming

The CEO of Galaxy Digital, Michael Novogratz has also revealed his bullishness regarding the price trend of Bitcoin (BTC) in one of his recent tweets.

In the tweet, he averred that trading and investing in cryptocurrency is risky but the price uptrends of some of the cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) make him more bullish.

He then pointed out that ETH over $200 and BTC over $10,000 could soon resurface.

He said, “Crytpo is bid. Period. Hearing more and more inquiry. Always dangerous but higher prices are making me more bullish. ETH over 200 for a couple of days will open a bigger move. BTC has 10k looming. Once that goes we are off to the races.”

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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