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Bitcoin Likely to Surge 200% to $30,000 If This Key Resistance Breaks

Since the crypto bubble of 2017-2018, investors have been waiting for Bitcoin to surmount its $20,000 all-time high.


While BTC reaching a price above $20,000 seems to be a quixotic dream at best, a prominent cryptocurrency trader has suggested that the cryptocurrency is preparing for a rally to $30,000 — if this one resistance can be breached that is.

Bitcoin Likely to Surge 200% to $30,000 If This Key Resistance Breaks

Bitcoin Breaking This Crucial Level Could Set Stage for Surge


Brian “Ledger Status” Krogsgard, a prominent cryptocurrency trader with nearly 70,000 followers on Twitter, recently shared the below chart, showing that BTC is in the midst of forming a long-term pennant.


In a message accompanying the chart, the analyst said that Bitcoin breaking above the pennant, whose upper bound currently trades around $12,000, will set a potential surge to $30,000 — more than 200% above the current market price of $9,100. Read More...