Bitcoin Could Reach $51,000 to $55,000 in the Coming Days, Predicts Crypto Expert

Vinod Dsouza
Bitcoin BTC Price Prediction
Source: Unsplash

Bitcoin is shining in all its glory this month as it crossed the $46,700 mark and is gearing up to reach $47,000. The overall sentiments in the market remain positive, as signs of recovery are showing up on the charts. In addition, the total crypto market volume over the last 24-hours reached $102.73 billion, which is a 12.47% increase.

BTC’s positive performance has made the entire market turn green with several altcoins showing decent gains. The market gives a feeling that spring is in the air hinting at a possible bull run. However, investors need to remain cautious as BTC is known to have wild volatility and can erase profits in just 24-hours.

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Bitcoin Price Prediction

Crypto analyst Altcoin Sherpa remains bullish on Bitcoin and predicted that the upward trend is most likely to continue. However, he stated that BTC will see a reversal after the price spike and should see where the “lows are printed.”

Altcoin Sherpa predicts that Bitcoin could reach between $51,000 to $55,000 in the coming days. He shared BTC’s chart highlighting the possibility and said that it looks similar to the breakout during August 2021.

Twitter / Altcoin Sherpa

“$BTC: This still looks fine to me personally. I think we’re going to 50-55k before this current run is over,” he predicted to his 172,000 followers on Twitter.

However, he then stated that after it reaches the mark, a dip is inevitable. “The key after this is seeing where the lows are printed. I think it looks v. similar to the breakout from August ’21. 200D EMA still holding fine. #Bitcoin.”

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Twitter / Altcoin Sherpa

Another Bold BTC Prediction

While Altcoin Sherpa’s Bitcoin prediction is conservative, financial analyst Crypto Ed’s prediction remains to be bold. Even CoinTelegraph published an article on Crypto Ed’s prediction where he states that he’s “very bullish” on Bitcoin.

Crypto ED claims that he expects Bitcoin to reach $80,000 but there are various steps it will take before it pushes to a new high. You can watch his bullish Bitcoin prediction here.

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At press time, Bitcoin was trading at $46,600 and is up +0.9% in the 24-hours day trade. BTC remains up +16.6% in the last 30-trading days and is also up +12.2% since the last 14-days. However, it is down -17.7% since the last 1-year and is down -32.18% from its all-time high of $68,789 which it touched in November last year.