RATE Group | Bitcoin Could Retest its 2018 Peak of $17,200 – Top BTC Analyst
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Bitcoin Could Retest its 2018 Peak of $17,200 – Top BTC Analyst

17 May Bitcoin Could Retest its 2018 Peak of $17,200 – Top BTC Analyst

Posted at 22:39h in Cryptocurrency News by

In brief:

  • Bitcoin is once again attempting to break the crucial psychological price of $10,000.
  • Top Bitcoin analyst sees the possibility of BTC breaking this level and others on its way to $17,200. 
  • However, BTC has to first prove itself by breaking several resistances. 

Another week is upon us and Bitcoin is once again attempting to gather fresh momentum to break the crucial psychological price of $10,000. This area is the same price zone the King of Crypto attempted to claim on the 8th of May before this year’s Bitcoin halving event.

After the halving, BTC fell hard to $8,100 and began another slow climb to $9,950 where its upward movement was rejected a second time. At the time of writing this, BTC is once again attempting another climb to this level and is valued at $9,800 (Binance rate).

Top BTC Analyst Suggests Bitcoin Could Retest $17,200

In his recent analysis of Bitcoin, MagicPoopCannon explained a scenario where Bitcoin could retest its…

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