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November 23, 2020
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Guide & Analysis

After breaking through the $ 17K, Bitcoin seeks its historic high

Bitcoin seeks its historic $ 20k high, wanting to repeat 2017

The main resistances left in the history of Bitcoin at $ 14000 and $ 17000 have been broken without much difficulty by the record-breaking digital currency.

Analysis of CointradeCx
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On the last 11/18, the BTC hit $ 18,483.00. His ATH in December 2017, according to Bitstamp data, was exactly $ 19,666.00 – it’s close!

The interesting thing is that the historical resistances – which are now support – did not offer much problem for the cryptocurrency that went from 14k to 17k with ease.

But we have a new resistance

The price had a hard time breaking through the $ 15,830.00 and then that track served as a support.
We can say that this region is the new base of BTC support and a correction at that point is expected.

Again the question remains: Correct there before arriving at ATH?

In the previous analysis, we were right to say that 17k came before. In this case, the level of overbought in all the major charts is at its limit and even if the buying force does not cease (FOMO), the most prudent thing is to believe in the correction.

And you reader, do you believe it corrects at $ 15830 or that Bitcoin seeks its historic high earlier this year?
Leave your answer here in the comments.

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