RATE Group | These Technical Factors Signal that Bitcoin May Hit Fresh All-Time Highs in 2020
73825
wp-singular,post-template-default,single,single-post,postid-73825,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,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
 

These Technical Factors Signal that Bitcoin May Hit Fresh All-Time Highs in 2020

29 Dec These Technical Factors Signal that Bitcoin May Hit Fresh All-Time Highs in 2020

Posted at 19:22h in Bitcoin News by

[ad_1]

Although bulls had firm control over Bitcoin (BTC) throughout the first half of the year, the second half was firmly controlled by bears, who pushed it as low as $6,400 before it incurred some notable upwards momentum that allowed it to climb towards $8,000.

In the time since its relief rally from $6,400, the crypto has been trading sideways within the mid-$7,000 region, but the price action seen in the new year may prove to be overwhelmingly in favor of bulls, as multiple bullish factors could allow it to surge up to, or even above, its previously established all-time highs.

Bitcoin’s Fundamental Strength Begins Shaping Up; Here’s What This Means for 2020

Currently, Bitcoin is trading up just over 1% at its current price of $7,450, which marks a notable climb from its recent lows of $7,000 that were set earlier this week during a sharp and fleeting sell-off that was ultimately absorbed by buyers.

It is important to note that Bitcoin is trading up significantly from its…

[ad_2]

Source link

Tags:
, , , , , , , ,