What will it be for Bitcoin? $4,600 or $6,800?

21 Apr, 2019 | Updated: 21 Apr, 2019
by Joeri Cant
Bitcoin
What will it be for Bitcoin? $4,600 or $6,800?

Although the world's most popular cryptocurrency has continued its slow upward price movement, some analysts believe another moment of truth for Bitcoin is near. What will it be for BTC? Will we see $4,600 before we surge to $6,800?

Bitcoin has been slowly trading upwards during the last 7 days, from around $5,050, towards the $5,400 price mark. Today Bitcoin is trading at a price of $5,346.54 while showing a minor gain of 0.56%, according to coinmarketcap.com.

Bitcoin is again slowly finding its way towards the $5,400 price mark, which has been proven to be a strong level of resistance where Bitcoin previously failed to break above just earlier this month.

However, a popular crypto analyst, who goes by the Twitter handle 'The Cryptomist', took to Twitter to explain that a rising wedge pattern has formed, which may lead to a breakdown in BTC's price, adding that this will only be valid if Bitcoin cannot break and sustain $5,390.

Galaxy, another popular cryptocurrency analyst on Twitter, agrees with the above sentiments on Bitcoin, explaining that BTC may see $4,600 before it surges up to the $6,800 price mark, which, on the positive side of things, creates another chance to buy ourselves some more BTC on the 'cheap'.

Where do you think Bitcoin is going? $4,600 first, or do we surge onwards to the $6,800 price mark? Let us know in the poll below.

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Read more about: Bitcoin (BTC)

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