#TradeNTell #BTC #ADA

Crypto blogger Ben Armstrong believes that Bitcoin will rise to $50,000 after the flagship cryptocurrency bounced off strong support. In a recently uploaded YouTube video, he said that BTC has bounced off the same level for the third time.

In the video, Armstrong showed that BTC's $40,000 price range proved to be strong support. And although the latest bounce was slightly different from the previous two, Armstrong confirmed that it would have a similar effect.

Armstrong noted that another bounce in the same region confirmed his long-standing prediction that Bitcoin would rise to $50,000. He charted how the first bounce from support took Bitcoin above $44,400. After the pullback, the price bounced a second time, which led to a move above $49,000. Based on this, he concluded that the latest bounce would take BTC above $50,000.

Despite his optimistic mood, Armstrong does not write off the possibility of the flagship cryptocurrency falling into the same support region. In this regard, he advised his subscribers to take profits whenever the growth he predicted occurred.

In addition to Bitcoin, Armstrong cited leading analyst Ali Martinez's forecast that Cardano will rise to $7. Such a significant increase is explained by the token repeating the price movement of 2020. Interestingly, Armstrong himself indicated a target price of $11 for ADA.