Bitcoin is still seeing an impressive run but speculations on where the asset is headed next are running wild. A crypto analyst has shared their own expectations for the leading cryptocurrency, considering both sides of the coin and the possible price marks it can achieve. Bitcoin Price Gunning For $40,000 In an extensive analysis, crypto analyst and trader FieryTrading has mapped out how the Bitcoin price could reach $40,000. The analysis which was posted on TradingView starting November 8 points out the fact that the BTC price has continued to trade in a tight bullish channel since October. Related Reading: $9 Trillion BlackRock Files Ethereum Spot ETF, What’s So Special About It? This was proven to be true when the price of the asset actually jumped above $37,000 later before the pullback to the mid-$36,000s. The steady recovery that has categorized Bitcoin dips since the rally began in October has been making higher lows, as the analyst points out. FieryTrading refers to this as something that shows that an asset is “classically getting ready for the next pump.” Furthe ..
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