Will Bitcoin Price Revisit $20k? Detailed Trading Plan With BTC Entry Levels

Amid the ongoing recovery in the crypto market, the Bitcoin price has witnessed an upright rally and breached the resistance trendline of a two-month-long bullish pattern, called megaphone. This breakout should accelerate the buying pressure in the market and bolster buyers for a further price rally to the $30000 mark.

Timeline of Bitcoin

Bitcoin market dominance has hit a 9-month high as the leading coin continues to make positive gains in the financial markets. According to data from CoinMarketCap, Bitcoin currently holds 45% of the total trading volumes in the crypto market.

2023 has led to several opposing thoughts when it comes to bitcoin, the world's number one digital currency by market capitalization. Bitcoin Could Have a Very Good Year For some, the asset could go as high as $250,000.

Bitcoin ordinal NFTs are the trending asset on the bitcoin network, with more than 500,000 NFTs minted recently. These unique digital assets have taken over the crypto community, with creators switching from popular blockchains like Ethereum to mint their NFTs on the Bitcoin network.

Prominent crypto analyst Adam Cochran has recently voiced his disagreement with Balaji Srinivasan's bold prediction that Bitcoin will reach a staggering $1 million within 90 days. Cochran's skepticism is rooted in historical data and the behavior of alternative assets during times of crisis.

Former a16z partner and Coinbase CTO Balaji Srinivasan has come under fire for an outlandish bitcoin price prediction, with renowned scholar and risk analyst Nassim Nicholas Taleb criticizing Srinivasan's bet as a "lunatic" move.

Value investor Mike Alfred recently shared his insights on Bitcoin mining firms on Twitter, emphasizing their potential as an attractive investment opportunity in today's market. Alfred states these companies possess significant operating leverage as Bitcoin prices rise.

Former Coinbase chief technology officer Balaji Srinivasan is detailing a seriously bold Bitcoin (BTC) price prediction. In a series of tweets, Srinivasan says he's willing to bet BTC explodes to a staggering $1 million in just 90 days from now.

Balaji S. Srinivasan, angel investor and a former Coinbase CTO, has announced on Twitter his intention to bet $2 million on Bitcoin reaching $1 million within the next 90 days. Srinivasan outlined his belief that central banks, banks, and regulators have been dishonest with dollar holders and depositors.

On Saturday, March 18, veteran investor Balaji Srinivasan raised a major alarm stating that the United States is quickly moving into hyperinflation taking a massive $1 million bet on this. Interestingly, he's also moving $2 million in USDC for the bet through Medlock.

General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down.