Could BTC Bullish Pattern and Price Impact the Crypto World?

News • 2020/11/20 • by

BTC's price has been unstable, and the support level has been beaten with the probability of going at $18,200

Bitcoin price dipped again below the 17,500 USD mark. However, it formed new strong support near the 17380 USD level, which is keeping it stable. Bitcoin later broke $17,500, $17,600 and $17,800 marks after dropping below $17,385.

Major Signals

BTC surpasses news support of $17,380 mark

There could be a BTC/USD pair bullish momentum if BTC trade above $18200

BTC might test $17,800 support

There are Bullish signs in the current BTC price despite BTC looking like it has a strong support base. The price of BTC keeps consolidating, and there is a picture of a bullish flag pattern. If the price breaks above $18,030, the $18,200 resistance level will be the next stop for BTC.

For a strong rally, BTC must be above $18,200, and the resistance level might go to $18,500 and rally towards $19,000.

Are you happy with the current BTC trend? Drop a comment.

Comments (6)

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visiblemoney

6 years ago

Why not? BTC rising in steady uptrend has continued to put anti-crypto folks to shame!

andrei12

6 years ago

i believe it will hit the 20k mark

exodusab

6 years ago

Cryptocurrency enthusiasts the world over woke up to the excitement of seeing one mighty green candle on the Bitcoin price chart this morning. As you can see on the Luno chart below, the price jumped R10,000 (or 20%) in the matter of a single hour.