The price of Bitcoin could soar by $2,000 if it manages to gain a foothold above $20,500, the expert claims.
Bitcoin is showing a positive trend, its value can grow over $20.5 thousand.NewsBTC analyst Aayush Jindal
According to the information for 10/05/2022 at 10:05 am (Moscow time), Bitcoin is sold at a price of $20.2 thousand, i.e. it grew by 2% yesterday.
The analyst explained this by the fact that about $20 thousand is fixed on the hourly BTC chart. The nearest resistance is $20.45 thousand. Fixing over $20.5 thousand indicates a new growth spurt, Jindal is sure.
In this situation, the cost of BTC will overcome the resistance level of $21.2 thousand. And the next key zone will be the mark of $22.5 thousand.
If the BTC rate cannot rise above $20.5 thousand, it may drop to $20.1 thousand. A sharp change in the price may further mean its decline to $19.7 thousand. Support zone - approximately $19.5 thousand, the next target - $19.2 thousand.
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