Breakout a New Year’s High Indicates a Strong Bullish Momentum on Bitcoin
Bitcoin had made its new year high price at $18,981 last Saturday. Despite the price pulling back more than 7% after reaching the peak, a new support level above $17,600 has found for Bitcoin. The higher lows pattern is plotted in the 1H chart which demonstrates a clear ascending trend to the investors. Therefore, Bitcoin’s price is considered to hit $19,000 and above towards $20,000 in the near future.
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