Is Bitcoin (BTC) Ready for $ 6 thousand 100?

As the price of Bitcoin fluctuates around $ 5,000, traders and analysts expect Bitcoin to begin testing higher levels. After the leading cryptocurrency fell to the $ 4,900 region on Monday, it is currently trading at $ 5,259, according to CoinMarketCap data. Despite the remaining stock market turmoil and the crisis created by the coronavirus worldwide, analysts are now making their first optimistic predictions about Bitcoin.

Is it possible for Bitcoin to reach $ 6 thousand 100?

Merchant The Crypto Dog shared the bullish situation by tweeting that Bitcoin is strong enough to try to go above $ 6,000.

https://twitter.com/TheCryptoDog/status/1239816387947708416?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer
Famous analyst Michael van de Poppe (also known as ‘Crypto Michael’) also commented on Bitcoin. Summarizing the current market situation for Bitcoin, the analyst said that after converting the $ 5,200 level to support, BTC could soon test between the highest level of $ 5,600-7,700. The analyst also predicted that stock markets would leap.

https://twitter.com/CryptoMichNL/status/1239815171482288128?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer

Responsive Users

Trader ‘Bitcoin Jack’ believes that Bitcoin is ready to start rising. According to him, this is confirmed by price and time balance analysis. Twitter user @Axedna states that he disagrees with reference to a wider spread of the Kovid-19 virus. Axedna says:

“The virus is getting worse every day. People are losing their jobs all over the world. People are afraid to go out, businesses are losing money, they are not hiring and the stock market is falling. Do you still think it will rise? ”