Bitcoin Could Reach $31,500 ‘Very Quickly’ If It Breaks This Resistance Level According to Top Analyst – Here’s His BTC Outlook

According to crypto YouTuber Crypto Rover, Bitcoin is currently testing significant overhead resistance around the $28,600 level.

In a recent tweet, Crypto Rover noted that if Bitcoin can close above $28,600 on the daily chart, the next target of $31,500 could be reached “very quickly.”

Bitcoin has been hovering around $28,000 after its recent surge to $30,000 following the fake BlackRock Bitcoin ETF approval report.

Breaking out of this long-held range requires reclaiming key levels like $28,600 that have capped previous recovery attempts. Sustaining above these resistances would signal a potential trend reversal.

While Crypto Rover is eyeing a move to $31,500 should Bitcoin confirm a breakout, other analysts like Rekt Capital say Bitcoin has long ago broken its macro downtrend.

But downside risks remain if Bitcoin fails to breach overhead resistances. For now, the market awaits whether Bitcoin can garner enough momentum to crack these barriers and confirm the start of a new bullish impulse. The ability to stage decisive breakouts will determine if a prolonged recovery can develop.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency