As all you bitcoiners out there have noticed bitcoin recently broke through the $29k resistance layer and jumped to $30k overnight.
This is evidently the next major resistance layer. If bitcoin can break this then it will surely be the next bull run.
The red lines below are the layers of resistance.
If you are wondering why the red lines are where they are it is because they match up to the points on the bear market where Bitcoin headed sideways instead of down.
For the resistance we are fighting now to count as broken bitcoin will need to reach at least $33k and at that point it will almost certainly jump to $38k - $40k.
If all layers of resistance are broken then it’s projected that bitcoin will reach about $75k this year. This is a pure estimate and could change or not be reached at all.
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QUICK DISALIMER!!!
This is was not intended to be investment advice! The article you have just read was written by an incompetent fool. Please always double check the facts and do your own research.
