Expert Predicts Bitcoin Price To Hit $30K: Is Another Rally Incoming?

• Bitcoin (BTC) surged 35% in the past 5 days.
• Analyst Justin Bennett predicts that if BTC closes above $25,000 it could surge to $30,000.
• Ethereum (ETH) could potentially reach $2,000 after a close above $1,700.

Bitcoin Live Price Prediction

Analyst Justin Bennett has updated his outlook on Bitcoin (BTC) following its 35% surge in just five days. According to Bennett, Bitcoin could potentially surge more than 20% from its current value and hit $30,000 if its price sees a close above $25,000. On the other hand, Ethereum (ETH) could potentially reach $2,000 after achieving a close this week above $1,700.

BTC Rallies Above Key Resistance Level

At the time of writing BTC/USD had rallied to an intraday peak of $25,240.62 earlier in the day, breaking out of a key resistance level at the $25,050 zone and rising once again above the $25k mark. The 14-day relative strength index (RSI) is also at its strongest point since February 20th tracking at 62.54 slightly below the resistance point at 65.00 mark.

Bennett’s Analysis

Bennett suggests that an aggressive bounce from the mid-$23k area could send BTC back to around to around$25200; If this happens and there is a daily close above 25200 it would signal another leg up towards 28k-30000 region but this depends on how well it does near 23K area and if it loses support there then it can dip down even lower to 21500 levels as per Bennet’s analysis .

Analyzing ETH Potential

Looking at Ethereum (ETH), Bennett suggests that the smart contract platform token could potentially surge to 2K after achieving a close this week above 1700$. However if ETH dips below 1590$, Bennett suggests that lower levels of 1500$ and 1420$ are in play ,Ethereum is currently trading at 1650$at the time of writing .


Overall ,Bennet’s analysis suggests that cryptocurrency market is showing signs of bullishness with both Bitcoin(BTC) & Ethereum(ETH )showing potential for growth but whether they will be able achieve their respective targets still remains unknown

18. März 2023