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Can Bitcoin take out 20K this year?

15 Dec, 2020

So, far today the price action in Bitcoin has essentially been covered by 19,000 to 19,500. To be precise, the exact range so far has been 19,054 to 19,562. It is currently trading right in the middle of that range, now at 19,308. Consequently, and once again the price action looks entirely pivotal. Meantime, the longer term chart configuration still argues for a move above 20,000, all the while the price holds above short term support. That is currently in place at 18,855 and 18,685. Those support points will change, but that is where they are right now today. The real warning sign that 20k is simply a bridge too far this year will be if the price drops below 18k again. All the while that does not happen, then there is potential for a look at an all time record high above 20k, even if UK retail traders are forced to exit synthetic trades ahead of the New Year deadline on January 6

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