Top Analyst Says, BTC’s Rise Could Be The Start Of Massive Rally

Now that Bitcoin is trading above $20,000, a crypto strategist that many people pay attention to is giving Bitcoin a positive outlook.

Cheds, a fake analyst, tells his 297,300 Twitter followers that Bitcoin could be about to have a big rally because BTC is about to print a bullish reversal structure.

“Above $18,200 opens up the possibility of an inverse head and shoulders complex, multiple shoulders (or wide left) and head with neck-base at $25,500.”

Source: Cheds/Twitter

Based on the trader’s chart, he thinks Bitcoin could go as high as $37,000 if it breaks through the resistance at $25,500. This would be an increase of over 75% from where it is now.

Cheds also says that traders might chase Bitcoin rallies out of fear that they will miss out. The crypto analyst says that Bitcoin’s ability to close above the 200-day moving average is a sign of its strength.

“Legit surprised by the strength [of] BTC.

Gotta respect the pump.”

Cheds thinks that other digital assets, like altcoins, will eventually follow Bitcoin’s explosive price action once the king cryptocurrency calms down.

“If BTC and ETH pause to consolidate, altcoins should make some serious noise.”

At the time of this writing, the price of Bitcoin is $21,137, which is an increase of nearly 2% in the last 24 hours.

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