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Bitcoin is Set For $40K Price Target in a Quick Rally: Analyst

Published 09/08/2023, 15:03
Updated 09/08/2023, 15:15
© Reuters.  Bitcoin is Set For $40K Price Target in a Quick Rally: Analyst

  • Analyst Moustache believes Bitcoin’s price will rise to between $38,000 and $40,000 soon.
  • According to Moustache, there is no resistance for Bitcoin above the $32,000 price level.
  • Trader MichalCrypto96 notes $35,000, $42,000, and $48,000 as significant Bitcoin price levels.

A Bitcoin trader who identifies as Moustache on X (formerly Twitter) believes Bitcoin’s price will rise to between $38,000 and $40,000 soon. After Bitcoin’s recent rally, the acclaimed analyst predicted the pioneer cryptocurrency could embark on a quick rally to fulfill this prediction. According to him, the reason for the anticipated rally is that there is hardly any resistance for Bitcoin above the $32,000 price level.

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