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According to a popular crypto analyst, going by the Twitter handle UB, the world's number one cryptocurrency will soon surge towards the $9,500 price mark.
As Bitcoin seems to hold tight to its current price levels of around $8,000, more and more crypto analysts are convinced that BTC can surge to fresh year-to-date highs between $9,300 and $9,500.
One such analyst is the well-known crypto trader, UB, who in a recent tweet, explained that he believes BTC will surge towards $9,500 next.
'The next test of $8.2k will be the 7th Test', he tweets. 'I believe we make our way to $9.3k - $9.5k next.'
$BTC - I'm long.
— UB (@CryptoUB) May 21, 2019
- ETF delayed.
- Range Low reclaimed on LTF (Must continue to hold for LTF bullish argument)
I'd like to see the EQ reclaimed as support ASAP.
The next test of ~$8.2k will be the 7th Test. I believe we make our way to $9.3k - $9.5k next. #Bitcoin pic.twitter.com/ZNqWN6lx46
It appears that the next level of resistance that Bitcoin must break through, exists around $8,200, and if BTC manages to break this level, the world's most popular cryptocurrency may experience fresh year-to-date highs up to $9,500.
Previously Chepicap reported that another popular crypto trader and investor, Josh Rager added that the recent spike of the crypto market brings Bitcoin closer to $8,216, which, according to Rager, is a key short-term.
Rager believes that if Bitcoin manages to close its weekly candle above that level, a move to $9,600 could be in the cards.
$BTC - Weekly Chart
— Josh Rager 📈 (@Josh_Rager) May 19, 2019
To clarify, why $9600 is because this is viewpoint from higher time frame charts
There will be resistance along the way and could take more than a few days even if the daily/weekly closes above $8216
Weekly volume looks amazing pic.twitter.com/6xM6zmwrd9
No matter where Bitcoin is headed, Chepicap will be right there to report on it. Hold on to your seats!
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