Here's what I am seeing going forward...

in bitcoin •  2 months ago 

If bitcoin can break the $20k area convincingly, there isn't much on the chart until about $22k

Bitcoin is seeing a renewed bid with stocks doing well today.

Stocks are up some 5-6% in the last two days, which is a massive move for them, and bitcoin is seeing a nice bounce from the $18k's as well.

So, what happens now?

Bitcoin is at the top of recent trading range, but if we can break through that we have room to the $22k area.

Here's what I am seeing:

image.png

(source: https://bittrex.com/trade/btc-usd)

Specifically, there isn't really any resistance on the chart once we break $20k area to about $21.5k lasting to about $22.5k.

Just need to break the $20k area first.

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Upvoted! Thank you for supporting witness @jswit.

Bitcoin already breaks the $20k.