Top Trader Says Bitcoin (BTC) Has More Room To Run After Clean Break of Critical Resistance – Here’s His Target

A intently adopted crypto dealer argues that Bitcoin’s (BTC) latest rally possible has extra fuel left within the tank and says he has a near-term value goal in thoughts.

Pseudonymous dealer The Stream Horse tells his 183,000 followers on the social media platform X that when he seems to be at a longer-term chart, an extra 25% or so BTC rally earlier than hitting resistance is a possible final result.

In line with the dealer, Bitcoin’s clear break of the $32,000 space is proof that one other leg up might be coming for the king crypto.

“After I zoom out, I’ve a tough time not seeing Bitcoin hitting no less than $39,000 within the quick time period.

We broke out of a multi-quarter vary, and have put loads of individuals able of discomfort, questioning if they need to chase or not.

It might be a uncommon event for this to not persist somewhat bit extra earlier than lastly baiting individuals in on the worst attainable spot.”

The Stream Horse additionally says that one factor that would foil the energy in crypto is that if one thing large occurs within the conventional monetary markets, although he notes fairness markets have already considerably corrected with out having a lot impact.

“My solely concern for crypto is that if legacy does one thing wonky, and proper now though we’re nicely off the highs, nearly no worry gauges are flashing.”

At time of writing, Bitcoin is buying and selling at $34,189.

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