A widely followed crypto analyst is predicting a big break out for Bitcoin after a quick retest of a lower price level. The crypto trader says that his target price for BTC remains $40,000.

“The important thing I’ve lost sight of since Bitcoin had its HTF [High Time Frame] breakout is the effect it’s had on my LTF bias. Whether the stops are triggered and we retest the HTF trend one more time near ~$20,000 or we send higher from here, the end target of $40,000 doesn’t change.”

Learn more about your ad choices. Visit megaphone.fm/adchoices