- Sheldon The Sniper thinks Bitcoin price has reached a significant level.
- According to the analyst, a break above $50K would see Bitcoin racing towards new all-time highs (ATH).
- The analyst thinks many users want to see BTC break above the current ATH before the Bitcoin halving event.
Crypto Banter YouTube channel host Sheldon The Sniper thinks the Bitcoin price has reached a significant level. Sheldon believes that by climbing to $49,048, according to TradingView data, Bitcoin entered the $50,000 resistance zone, and a break above that level would see the flagship cryptocurrency racing towards new all-time highs (ATH).
Major Bitcoin Level! My Altcoins Targets Are SHOCKING! https://t.co/v2WjTGSbzh— Sheldon The Sniper (@Sheldon_Sniper) January 12, 2024
In a recently uploaded video, Sheldon noted a bullish sentiment in the cryptocurrency ecosystem. However, he anticipates a price pullback that could see Bitcoin drop towards $40,000, followed by alternating up and down price movements over a certain period before continuing upwards.
Sheldon explained that the expected volatility that could see Bitcoin prices alternating up and down does not signify a cla…
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