Analyst’s opinion: The change of $ 42,000 is the key to the jump in the price of bitcoin



Justin Bennett, a digital currency market analyst, recently unveiled his new forecast for bitcoin and the atrium. Bennett said that if the price of bitcoin exceeds $ 42,000, it will jump to higher levels.

According to the Daily Hoodle, Bennett started with bitcoin. According to him, if the price of this digital currency exceeds the resistance of $ 42,000, it could rise to 40%.

Bennett said:

The range is between $ 35,000 and $ 36,000 in support and $ 40,000 to $ 42,000 in bitcoin resistance. As I said recently, bitcoin needs to cross the $ 42,000 level to enter the $ 45,000 to $ 46,000 channel. Then the resistance zone will be between $ 50,000 and $ 53,000.

Analyst's opinion: The change of $ 42,000 is the key to the jump in the price of bitcoin
Bitcoin price chart (1-day bitcoin / dollar market view)

Now that bitcoin is trying to break the $ 42,000 mark, Bennett believes the digital currency market leader will continue to see a strong uptrend.

He added:

However, I agree with those who believe that the price of bitcoin will increase significantly in the coming weeks. It took longer than I thought, but sometimes things go that way.

Atrium’s next digital currency. According to Bennett, the fluctuations of the atrium currently have no specific direction and there are no clear ups and downs in its market. Therefore, he believes that Atrium may face two possible scenarios.

Bennett says of this:

If Atrium loses $ 2,500 support again, its next support will be $ 2,200. Now, if bitcoin loses support in the $ 35,000 zone and falls to $ 30,000, Atrium prices could fall to the $ 2,000 zone. However, if the Atrium candle closes above the $ 2,900 zone, it will face its next resistance in the $ 3,100 to $ 3,200 range.

Analyst's opinion: The change of $ 42,000 is the key to the jump in the price of bitcoin
Atrium price chart (1-day Atrium market view / dollar)

The publication Analyst’s opinion: Switching to $ 42,000 is the key to the jump in the price of bitcoin first appeared in Digital Currency.

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