Bitcoin is predicted to rise to $ 55,000 in the coming days

Ali, a popular trader, has published a new forecast for the value of the bitcoin cryptocurrency. On his page on the X platform, the analyst expressed the opinion that the BTC $62,924.40 Bitcoin 2.12% Market capitalization $1.24 trillion VOL. 24 hours $1.36 billion rate will rise to $ 55,000 in the shortest possible time.

According to the analyst, if BTC can successfully overcome the resistance of $ 48,000, the data in the chain indicates that the price will continue to rise further. The researcher assured that «there are no major supply zones in sight, which means that BTC could reach the $ 55,000 target in the near future.»

Amid the approval of spot ETFs on BTC in the United States, the price of bitcoin rose sharply to $ 47,700. After that, the coin went into correction. As of the time of writing, BTC is trading at $ 46,072. The market flagship failed to update the local maximum, which was recorded on the evening of January 9 amid fake news about the approval of spot ETFs on BTC.

Ali and Rekt Capital have also recently pointed out key resistance levels of the Ukrainian developer’s cryptocurrency, the overcoming of which may indicate a significant uptrend. Ali highlighted the formation of a bull flag from $ 110 as a key resistance level. Surpassing this level could push SOL to an ambitious target of $ 163.