Bitcoin rally is in full swing as investors anticipate a final leg up to $20,000. The flagship cryptocurrency has in the last couple of weeks broken key barriers to top $18,000 on Wednesday towards the end of the Asian session. BTC/USD last traded at this level in 2018 during the 2017 parabolic rally. At the time of writing, the bellwether digital asset is exchanging hands at $18,040 amid a building bullish momentum. Higher support would be key in the run-up to levels above $19,000 and $20,000 respectively. {chart} The Relative Strength Index is, however, in the overbought area, hence the need for traders to be alert ... (full story)

Bitcoin (BTC) just set another 2020 high by rallying above $18,000 for the first time in three years. On Nov. 17 BTC price rallied to $17,858 after a high volume surge pushed the price cleanly through the $17,100 to $17,300 range that many analysts believed would be a strong resistance level. According to Decentrader co-founder, filbfilb, Bitcoin price could continue to march higher in the short-term if key underlying supports hold. {chart} The popular analyst tweeted the above chart and said: “The current PA could still very easily result in a blow-off towards the Golden Ratio Multiplier, currently at 19k.” {chart} ... (full story)