Why one analyst says Bitcoin ‘is on the cusp’ of busting through $20K By Cointelegraph


Why one analyst says Bitcoin ‘is on the cusp’ of busting through $20K

The market sentiment around (BTC) is mixed as BTC price dropped almost immediately by 10% right after hitting its previous all-time high at $19,892 on Dec. 1.

Nevertheless, some analysts and fund managers anticipate the dominant cryptocurrency to rise past $20,000 in the short term. But others are adamant that there will be another correction first as seen in previous bull cycles.

weekly chart (Bitstamp). Source: Tradingview
Bitcoin monthly chart with RSI and DMI. Source: Mohit Sorout, TradingView.com