While Bitcoin has thrown itself above $31,000 with the rally in recent weeks, investors are wondering if the rise in BTC will continue.
Experts draw attention to the importance of the $ 32,000 level in BTC, stating that if this level is exceeded, BTC can rise to $ 38,000.
At this point, popular economist and crypto analyst Alex Krüger stated in his recent video that he is optimistic about Bitcoin price and said that BTC may experience strong rallies in the near future.
Pointing out that Bitcoin was between $31,000 and $37,000 at the time of the Terra crash last May and that it had significant liquidity in this range, Alex Krüger said, “A strong rally may be ignited if BTC enters this range again and stands strong.” said.
“Whether BlackRock's spot Bitcoin ETF application will be approved is debatable, but likely will. There are strong signs in this regard.
However, even the applications made the price of Bitcoin go up.
Technically speaking, we are on the verge of a critical resistance in Bitcoin. I think the critical threshold for BTC is between $31,000 and $37,000.
At this point, we are on the verge of an escape in BTC. If Bitcoin takes a firm stance in this range, it will continue to rise.”
The famous economist also said that due to regulatory pressure in the US, Bitcoin is separated from other risky assets and is experiencing a correction, but he expects BTC and cryptocurrencies to start moving more in sync with other risky assets and continue to rise.
*Not investment advice.
