Bitcoin will soon surge towards $9,500, analyst says

22 May, 2019
by Joeri Cant
Bitcoin
Bitcoin will soon surge towards $9,500, analyst says

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.'

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. 

No matter where Bitcoin is headed, Chepicap will be right there to report on it. Hold on to your seats!

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Read more about: Bitcoin (BTC)

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