Bitcoin Price Prediction - Is BTC About to Breakout Above $20,000
Bitcoin has consolidated around the $18, 000 price level since June 2022. Today, it reached above $19,500, making some investors excited at the prospect of it breaking out above $20,000. After setting its all-time high (ATH) of $69,000 in November 2021 and then losing 73% of its value, Bitcoin has found strong support at the $18, 000 price level . It has retested its previous ATH set in 2018 and needs to hold that level if we hope to see higher lows form. Even if Bitcoin breaks above $20,000, it doesn't mean that we can expect it to keep that momentum and go into a short-term bull run, never mind setting a new ATH. Bitcoin Price Chart via TradingView After crashing to $17,000 in June 2022, Bitcoin proved it's one of the best crypto to buy during the dip as it recovered to $24,000. Although it made a slight recovery,...