Analyst: Bitcoin at $12K will bring to $13K very quick

26 Jun, 2019 | Updated: 26 Jun, 2019
by Fifi Arisandi
Analyst: Bitcoin at $12K will bring to $13K very quick

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.

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.”

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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Read more about: Bitcoin (BTC)


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