Bitcoin price has just surpassed the amazing $20,000 mark for the first time in its history and sights for more. At the time of writing this the BTC price is sitting at 20650.00. The rest of the market is closely following Bitcoin with Ethereum price jumping towards $610 and Ripple finally recuperating from its last drop. What’s next now?
Ethereum Price Analysis: Top 3 Reasons Why ETH Price Could Surge Over 700 in the Next Few Days
Bitcoin Price Analysis: BTC Price Could Touch $22000 Soon
BTC/USD Daily chart – TradingView
The BTC/USD daily price chart is displaying promising behavior. The only resistance that bulls were facing was the all-time high at $19,888. Trading volume had already started falling again, which indicated that BTC was ready for another breakout or breakdown. Now, it appears that odds support the bulls in the short and long-terms. Most technical indicators were heavily bullish on virtually all time-frames.
On the daily chart, the 12-EMA is way under the current price and bulls seem to be in the commanding position. The next possible resistance level could be at $20925. Above that, the next notable price spot is $21453, a significant psychological resistance level. Nevertheless, it looks that Bitcoin price is meeting very little resistance to the upside and it could soon touch the $22000 mark.
Bitcoin Price Hits $20,000 For The First Time Ever
Bitcoin Price Analysis: The Hourly Chart
BTC/USD Hourly chart – TradingView
On the hourly chart, the 12-EMA is also way under the current price and bulls appear to be in the dominant position. If we closely observe the Ichimoku Cloud indicator, then when the price is below the cloud the trend is down. When the price is above the cloud the trend is up. At the moment, the cloud is slightly moving in the same direction as the current Bitcoin price and it could soon touch the $22000 mark.
Follow CryptoTicker on Twitter and Telegram for daily crypto news and price analysis!
Recommended posts
-
Conservative Prediction: Can XRP reach $5 in 2023? -
Bitcoin Price Analysis: Will BTC Price Hit $25,000 Before 2021? -
Top 5 Major Coins: What To Look Out For In the Next 24 Hours?
-
Big News: Ripple Price is about to TRIPLE? This News Confirms… - Bitcoin Price Analysis: What’s Going on With The BTC Price?
-
Bitcoin Price Analysis: Is BTC Price Aiming To Hit $11,500 In The Short-Term? -
BTC Price Analysis: Can Bitcoin Price still touch the $13,000 mark?
-
Ripple Price Prediction – How High will XRP reach in 2050? - YF Link Price Analysis: YFL Price aims to hit $700?
- Bitcoin Price Briefly Reaches $12K -What’s Next?
-
Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023?
-
Bitcoin Price Analysis: Is BTC Price Stuck in a Rut? - Bitcoin Price USD Analysis: BTC/USD touched $9300
- Ripple Price Analysis: XRP Price Showing No Improvements
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- Bitcoin Price Prediction: Bitcoin About To Explode? Here’s Why You Should Invest Now
- This Coin Made 40% in Seven Days…Is It a Good Investment?
-
Can Shiba Inu Price Reach 10 Cents? - Binance Coin Price Analysis: Can BNB Price touch $40?
You might also like
More from Bitcoin
What is the Bitcoin CME gap?
Trading Bitcoin can follow many strategies. Do you use FA or TA? Are you a day trader, swing trader, scalper, …
Top Hardware Wallets for 2023: Securely Protect Your Crypto Investments
Securing your cryptocurrency investments is crucial, and choosing the right hardware wallet is a critical step in the process. With …
Bitcoin Prediction SPOT ON: Is Bitcoin Bullish or Bearish in 2023?
Bitcoin retraced lower and reached a price of around $22,300. Is Bitcoin bullish or bearish in 2023? Let's analyze in …
