Bitcoin reaches first major objective at 15,300

A short while ago Bitcoin made a further move higher, rising above 15,000 for the first time in 2020. The move then extended to reach the previously outlined objective that had been noted here in the quick news. That level could now cap the top for the day if not for a slightly longer timeframe. That really depends on the other markets too, and not just on Bitcoin in its own right. The price has just now backed away from that 15,300 level, as it drifts back towards 15,200. Given that Bitcoin has risen over $2000 in the past 7 days it would not be a surprise to see it consolidate its recent gains. However, there is no guarantee that will happen either, but it has now met a major price objective today. Bitcoin is just now trading at 15,225