Bitcoin Cranks to Crucial Resistance at $12,300, Can it Go Higher?

October 21, 2020 | By | Reply | 12 Readers More


Within the past hour, Bitcoin has made its move back to tap $12,300 which equals its high for this year made in mid-August. Analysts are flooding crypto social media with their predictions as BTC reaches this crucial juncture.

Since that first move above $12k over two months ago, BTC corrected to the high $9k zone resulting in a 20% pullback. All of those losses have now been reclaimed as it returns back to 2020 highs in a largely predicted move that has added $550 over the past 24 hours.

Bitcoin
BTC price – tradingview.com

Can BTC Get to $20k This Year?

Analysts have noted that Bitcoin hasn’t had a weekly close above $12,000 since January 2018, and are confident that the bull market has begun.

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