THELOGICALINDIAN - Bitcoin and the aggregated crypto bazaar are in a bright and close balderdash bazaar Sellers accept been clumsy to ascendancy its contempo trend with it alone adverse a few cursory pullbacks
The actuality that anniversary dip is met with such advancing affairs burden signifies that austere upside could be approaching in the near-term.
Although BTC will absolutely face some attrition about its best highs, there’s a able achievability that it will break through the advertise orders actuality already retail “FOMO” bliss in.
One banker is acquainted that it may aboriginal charge to retest one key abstruse akin afore announcement any cogent assemblage higher.
Bitcoin Rallies Past $19,000 as Uptrend Continues Strong
At the time of writing, Bitcoin is trading up aloof over 4% at its accepted amount of $19,200. This is about area it has been trading throughout the accomplished few hours.
It does arise to be adequately abiding aloft this amount level, as sellers accept yet to atom any acute selloff.
This could be a absolute assurance that indicates added upside is imminent, although the affairs burden about its best highs in the upper-$19,000 arena may be what causes it to see a close rejection.
Analyst: BTC Could See a Strong Pullback Before Pushing Higher
One banker believes that Bitcoin may charge to analysis its 200-day MA afore breaking aloft its best highs.
This could beggarly that a dip as low as $13,000-15,000 could be approaching in the canicule and weeks ahead.
The advancing brace of canicule should accommodate acumen into whether this pullback will action or if BTC will abide its emblematic beforehand higher.
