A popular crypto analyst, “Credible Crypto”, said that Bitcoin is definitely on the way to $14,000, and the only question is how long it will take, but before that it needs to break the $9.7k-10.5k resistance.

Credible Crypto tweeted:

“With Step 1 and Step 2 completed, the last barrier between us and my 14k target is this 9.7k-10.5k region. If we break it now, 14k+ will likely come soon after. If we reject it, we will get one last dip before breaking it. Either way, 14k+ is coming imo.”

With Step 1 and Step 2 completed, the last barrier between us and my 14k target is this 9.7k-10.5k region. If we break it now, 14k+ will likely come soon after. If we reject it, we will get one last dip before breaking it. Either way, 14k+ is coming imo. $BTC https://t.co/MF1YmZZMnI pic.twitter.com/FjFjPSJJFC

— CrediBULL Crypto (@CredibleCrypto) May 7, 2020

Josh Rager also weighed in, stating that BTC must remain above $9,150-$9,500 in order to hold on to the momentum.

Specifically, he Tweeted:

Not worried about pullbacks yet at this time, heck of a daily close

If price can hold above $9150, not really worried about dips, preferably above $9500s but always ready for a scam wick

Bitcoin eventually has to correct hard, but it still looks strong

https://twitter.com/Josh_Rager/status/1258550452699844609?s=20

One of the most successful investors, Mr. Paul Tudor Jones, recently stated that his investment fund is buying Bitcoin as a hedge against inflation.

Source: CryptoGazette.com