Seasoned analyst Ton Weiss believes that Bitcoin (BTC) will gain potential for a major breakthrough in the next few weeks.
In a new pricing post, Weiss told his 114,000 YouTube subscribers that he sees the next short-term target for BTC at $ 52,000.
I still believe that once we overcome the $ 52,000 resistance, we will very quickly rise to a high of $ 65,000. Then we will probably have a slight pullback to the $ 50,000 range, and then there will be a monstrous breakout, which explodes like gasoline on fire, then we rise above $ 65,000.
Weiss noted that Bitcoin recently had a golden cross when the short-term moving average crosses the long-term moving average. A technical pattern is often seen as an indication of an upward rally in the near future.
We received a golden cross. And I believe that next week or so, we will be back above all the moving averages and approaching new local highs and then new all-time highs.
In terms of key levels to watch out for, Weiss cited $ 41,000 as an important support level that needs to be maintained.
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