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 Key to Bitcoin's Rise 

Cryptocurrency market analyst Justin Bennett recently made a new prediction for BitcoinAtrium offerings. Bennett said that if bitcoin's price exceeds $42,000, it will jump to even higher levels.

There are 3 reasons for the recent fall in the price of bitcoin and digital currencies

To quote the Daily Hoodel, Bennett started with Bitcoin. According to him, if the price of this digital currency crosses the $42,000 resistance, it could rise by up to 40%.

Bennett said

The range is between $35,000 and $36,000 in support and $40,000 to $42,000 in bitcoin resistance. As I said recently, Bitcoin needs to break the $42,000 level to enter the $45,000-$46,000 channel. The resistance area will then be between $50,000 and $53,000.

Bitcoin Price Chart (A one-day view of the Bitcoin/Dollar market)

Now that Bitcoin has attempted to break the $42,000 resistance, Bennett believes that the leader in the cryptocurrency market will continue to see a strong bullish trend.

He added:

• I still agree with those who believe that the price of Bitcoin will rise significantly in the coming weeks. It took longer than I thought, but sometimes things go this way.
• The next digital currency for Atrium will be According to Bennett, there is no definite direction for atrium volatility at the moment and there are no clear highs and lows in the market. For this reason, it is believed that Atrium could face two possible scenarios.

Bitcoin analysis

If Atrium loses the $2,500 support again, its next support will be $2,200. Now, if Bitcoin loses support in the $35,000 region and drops to $30,000, the Atrium price could drop to the $2,000 region.

 However, if the atrium candle closes above the $2,900 area, it will face the next resistance in the $3,100-$3,200 range.