Bitcoin Sets New All Time High: Where From Here?
Now that we’ve hit a new all time high, where do you think we are going? Moon soon? Big rally possibly incoming:
Bitcoin is on the Cusp of Seeing an Explosive Rally as Bulls Shatter $20k Resistance
- Bitcoin is officially trading at the highest prices it has ever seen, with today being a monumental day for the cryptocurrency
- This historical milestone has come about following multiple attempts, and failures, at breaking above $20,000
- The eventual break above this level could now spark an epic short-squeeze that liquidates all the $20,000 limit-short orders that bears had set
- One trader is now noting that the break above this level is highly likely to be sustainable, as the resistance around $20,000 had been degrading for the past couple of days
- There is now a strong likelihood that a cascade of short-side liquidations could cause the crypto to rally significantly higher
Full article here: https://www.newsbtc.com/analysis/btc/bitcoin-is-on-the-cusp-of-seeing-an-explosive-rally-as-bulls-shatter-20k-resistance/
Master Asked on December 16, 2020 in Bitcoin.