"Perhaps the price of BTC will rise again after Raya?"
An analyst called DonAlt told his 476,800 Twitter account followers that the cryptocurrency Bitcoin (BTC) has the potential to break above $69,000 this year.
Even so, BTC must break through the $33,000 resistance zone if it wants to continue the bullish movement, commented DonAlt again.
However, the analyst said that BTC will not jump to the highs quickly as it may see a flat momentum first before breaking through $33,000.
In the meantime, DonAlt also believes that the price of BTC will pass the $50,000 level before falling back to the $30,000 support zone to climb higher.
While a fellow crypto strategist named Cred also has a similar prediction, where he expects BTC to be able to reach $32,250 in the near future but it may be difficult to break $35,000.
But if the price of BTC can break that level then the digital asset is able to pass $40,000 or even higher.
As of this writing, BTC price has plunged by 1.45% at $29,869 in the last 24 hours with a market cap of $577 billion but still posted a gain of around 5.13% over the last week.
