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BTC Price Outlook: Will Bitcoin Boom or Bust After Hitting 10K?

From dailyfx.com

Bitcoin prices have soared 60% since printing its December 18 swing low and puts the crypto-currency on pace to be the best performing asset year-to-date as it was in 2019. I highlighted Bitcoin two months ago as a candidate for potential 2020 breakout trades, but can BTC price action prolong its upward ascent after climbing back above the $10,000 handle? The zone of technical resistance around $10,000 is underscored by the late-October highs recorded last year. This area of confluence is also highlightedby the 38.2% Fibonacci retracement of its trading range since the blow-off top late 2017 and is detailed on the ... (full story)

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  • Category: Technical Analysis