BTC could rise to $34K in the next few days, analyst says

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Cryptocurrency trader Ali (@ali_charts) tweeted this morning that the price of Bitcoin (BTC) it is still on track to reach $34,000 soon.

According to him tweetthe price of BTC will rise to $34,000 as long as the bullish megaphone chart pattern currently present on the BTC chart continues to dictate the trajectory of the cryptocurrency.

Meanwhile, blockchain analytics firm Santiment (@santimentfeed) also tweeted this morning about BTC. According to him Santiment’s tweettoday large whales have appeared on the BTC network.

At press time, BTC price is trading slightly above the key $30,000 level after gaining 6.29% over the past 24 hours, according to CoinMarketCap. This 24-hour gain has pushed the weekly BTC price performance further into the green, bringing the total weekly gain to +6.55%. As a result, BTC is currently trading at $30,112.

In addition to strengthening against the dollar, BTC has also strengthened against Ethereum (ETH) in the last 24 hours. At press time, BTC is 3.02% above the leading altcoin.

The BTC price was able to hit a daily high of $30,160 but has since pulled back to trade at its current level. However, BTC price is trading closer to its 24-hour high, with its 24-hour low currently sitting at $28,189.

Lastly, the BTC trading volume It has spiked a bit today as BTC was able to break above the $30k mark for the first time since June of last year. Currently, the daily trading volume for BTC is $24,246,305,465. This is a 92% increase compared to the total BTC trading volume yesterday.

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