60% chance for Bitcoin to break upwards to $10,000 in next 3 weeks

23 May, 2019 | Updated: 23 May, 2019
by Joeri Cant
Bitcoin
60% chance for Bitcoin to break upwards to $10,000 in next 3 weeks

Despite the fact that the world's most popular cryptocurrency is still trading around the $7,800 support level, and is showing a minor loss of 0.71% on the day, many crypto analysts remain bullish on the cryptocurrency.

The well-known crypto analyst, going by the Twitter handle, Galaxy, is one such analyst that keeps the faith in the short-term predictions for Bitcoin.

The self-proclaimed, 'cryptocurrency accumulation machine', took to Twitter to state that Bitcoin is still trading in a symmetrical triangle pattern, which indicates that BTC has a 60% chance to break upwards.

According to the analyst, if this breakout takes place, Bitcoin's price could leap to $10,000, which could happen any time within the next three weeks.

Obviously, Galaxy, is not the only analyst who believes Bitcoin could surge towards the $10,000 price mark.

As previously reported, another prominent Bitcoin and cryptocurrency analyst, who goes by the Twitter handle, Crypto Rand, as well expects for the world's number one cryptocurrency to break to the upside and potentially hit the $10,000 level.

Crypto Rand, suggested to his 212K Twitter followers, that he expects Bitcoin to trade within a triangle for the next few weeks, and then make an upwards break, all the way to the $10,000 price mark.

SalsaTekila, a BTC analyst since 2015, as well remains bullish on Bitcoin for as long as BTC manages to trade above 7000$, which could indicate a route all the way up to $13,000.

Do you think we can hit $10,000 in the next three weeks? let us know in the poll below.

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Read more about: Bitcoin (BTC)

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