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As Bitcoin breaks $12,000, analyst believes there’s no resistance for Bitcoin to hit $13,000.
Posting on his Twitter account, CNBC crypto trader that goes with the handle @BigCheds said that Bitcoin’s new yearly-high will bring it to another yearly-high at ease.
BTW 12k brings 13k very quickly
— Big Cheds (@BigCheds) June 26, 2019
Cheds continued on by saying to his 73.9K followers that there’s almost no resistance to $13K.
His posts receive responses, most of which are very excited with the bullish move. That said, there’s a user who thinks that the run is fueled by USDT printing, which could lead to a hard dump at some point.
The comment was immediately responded by Cheds, saying that he has heard of it since BTC was $5,000, which interestingly, he deleted it after a while.
Answering the question on a possible retracement to $8-9K, he answered, “Just depends on how it deals with upcoming resistance and what the texture of the consolidation looks like. I dislike that kind of speculation.”
When all is said and done and $BTC #Bitcoin is sitting at $50,000, let's remember that we had warning because the 2015 and 2019 bottoms were almost identical.
— Big Cheds (@BigCheds) June 26, 2019
Also, let's not forget the contribution from $LTC #Litecoin making the first series of higher lows, well before $BTC pic.twitter.com/s8p07Gi1F1
As of writing time, Bitcoin is valued at above $12,200, only mere minutes after it broke $12,000 for the first time.
BTCUSD Chart provided by TradingView
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