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Bitcoin yet to surpass high point reached yesterday

01 Dec, 2020

Yesterday Bitcoin rose to set a new 2020 high when it lifted to as high as 19,857. It was noted here in a final update on the lead cryptocurrency; that having surpassed the previous high at 19,504 it could be in the process of making a further, measured move higher. To repeat that prognosis here; that is the possibility that it could flip the move from 19,504 to 16,226, back through the high at 19,504. So, if it were to do that, then it would produce a potential price target of 22,782. Now of course such a move is by no means guaranteed and not a definite outcome from recent recovery either. Meanwhile, Bitcoin has failed so far today to surpass the highs it reached yesterday as it earlier stalled above 19,750. That was the high was set following a drop to back below 19,000 around the time of the European close yesterday. The current slight downturn has seen it drop back to as low as 19,300 a short while ago. It is currently lifting back above 19,500 again

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