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Bitcoin price majestically rockets past $18,000 as $20,000 beckons
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)
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Bitcoin price hits $18K but traders expect ‘shallow’ pullback before new high
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.” ... (full story)
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