Bitcoin (BTC) Price Likely to Enter $7,200 Zone If the Following Happens

News
Sat, 04/04/2020 - 10:42
Yuri Molchan
Bitcoin seems to be getting alive on charts and is posting a slight increase, so traders are expecting it to soar towards $7,200 if it holds the current level
Cover image via stock.adobe.com
Contents

At press time, Bitcoin has printed a small rise, reaching the $6,833 level. Traders believe that should the major crypto start pumping right away, it is likely to move above the $7,000 zone.

Bullish expectations about going over $7,000

Traders are carefully watching the BTC behaviour these days but some are bold enough to offer bullish scenarios. Trader ‘George’ assumes that if Bitcoin starts pumping right away, from $6,833, it has a chance to break above $7,050.

Prior to that, though, his attitude was slightly less optimistic as he expected BTC to reach $6,875 and then head back down to $6,700, thus staying in the upper mid-$6,000 range.

Trader ‘Moiseiev_Yurii’ from TradingView also expects Bitcoin to reach the $7,200 area later today. He offers his reasons for that but warns that all traders must do their own research:

“Price trades in Uptrend. Price trades near support zone. Support zone is $6,850-$6,750. Support line. Follow Trend”

Related
8,502 BTC Wired by OKEx and Anonymous Wallets – Where Will BTC Price Move Next?

Potential roadmap to $2,000-$2,200

Trader @CryptoCapo_ is considering a potential plummet of Bitcoin price down to the $2,000-$2,200 levels by July this year. If his scenario plays out, BTC should afterwards rise to $3,850 after that fall.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy