RATE Group | Only Two Lines of Defense Remain Ahead of New Bitcoin All-Time High
79199
post-template-default,single,single-post,postid-79199,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Only Two Lines of Defense Remain Ahead of New Bitcoin All-Time High

12 Feb Only Two Lines of Defense Remain Ahead of New Bitcoin All-Time High

Posted at 17:18h in Bitcoin News by

[ad_1]

Bitcoin price has had a tremendous year in 2020 thus far, rising from lows around $6,800 at the start of the year to well over $10,000 currently.

Now that Bitcoin is back above such an important level, only two lines of defense remain between the current price and a new all-time high being set on monthly timeframes.

Two Resistance Levels Left Between Here and New Bitcoin All-Time High

There’s no denying on daily timeframes that Bitcoin price has been looking the most bullish it has been since the April 2019 parabolic rally, or the 2017 bull run before it.

But it’s on higher timeframes where Bitcoin looks the most bullish – across both weekly and monthly time scales.

And higher timeframes often are the most dominant in establishing the underlying trend in play.

Related Reading | Bitcoin Just Formed a Golden Cross, Restoring Faith in A Crypto Bull Run 

The recent rally has propelled Bitcoin from lows in the high $6,000 range, to as high as $10,500 overnight in a push to reclaim last…

[ad_2]

Source link

Tags:
, , , , , ,