If these resistances are broken, the price of bitcoin could reach $ 16,000
According to many experts, the market is likely to reach $ 16,000 if the price of Bitcoin breaks the key resistance ahead.
It is just a matter of time before Bitcoin will reach $16000. But that dont mean that after it will reach $16000 will never go below 16000 again. Question is can Bitcoin go above $16000 this year. O personalty believe that chances for that are more then 50%.
I personally don't think that $16k is possible at the end of the year. I'm giving like a conservative estimates of around $13k. There's a lot of resistance along the way to $16k and we might have a hard time breaking time unless there is a good news that will make people invest on bitcoin and move away from the Defi hype that has been plaguing the market for so long. So give and take, $13k will be good to me at the end of the year.