Can BTC remain above $20,000 for a long time? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
On the local chart, the price is between the recently formed support at $19,938 and the resistance at. At the moment, the rate is closer to the upper level, which means that closure near it may be a prerequisite for further growth to the $22,000 zone.
On the daily time frame, the price of Bitcoin has almost reached the resistance at $21,473. Currently, traders should pay attention to the way BTC approaches the level. If the speed is high, there is a chance to see a false breakout followed by a correction to the $20,000 area. On the bigger chart, Bitcoin has started to realize the accumulated energy. If the candle closes with no long wicks, the midterm rise may continue to the $22,781 mark. At that level, one can expect some correction as the main crypto is about to reach the overbought zone.
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