Moving Back Towards $40k….
Bitcoin is currently at $37,205 and looks to be moving upwards….$40k might be next if we can get past the next hurdle at $38k….I don’t think we are going to see a dip to the $28k region at any time as mentioned below….
Bitcoin Targets $40K? Why Crypto Could See General Price Reversion
“Analyst John Nash believes the FOMC meeting is already priced in with a “too early” reversal in Bitcoin and other cryptocurrencies. However, Nash expects to see a stronger bounce towards $40,000, before BTC’s price dives back into the $25,000 to $28,000 range.
At present, Bitcoin must flip $36,000 and $38,000 from local resistance into support to continue it moves towards $40,000. After, Nash believes investors should follow the old adagio but with a twist: “Buy in May and go away”.”
