Here’s Why Bitcoin Price Could Explode 120% and Hit $20,000 by May

There’s no doubt Bitcoin has been on a tear over the past 50 days. Since bottoming at $6,400 in the middle of December, the price of BTC has rocketed higher and higher, surging as high as $9,900 earlier today — inches shy of the key $10,000 price point.
According to a number of analyses, however, the crypto market’s surge is not done yet, citing a confluence of technical factors that imply Bitcoin could appreciate to $20,000 in the coming months.
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