Heavy BTC resistance at $20k

[btc_angela]

Now 20k resistance became Support for the New High.

Not yet sure if $20k became the support already.

But as long as it stays above $20k for a long time, we can already conclude that we've got now higher support. The days haven't been long and yesterday was seem to be a long time already and we're already expecting another bull run even without it having the correction.

Higher low this is much desired.

Well it could be if we keep the momentum to $22k-$23k then obviously, the previous all time high will now be the support for us.

Exactly, a good price of $20k means that we can maintain this range as long as there are no retracement in the next coming days. We all know that holiday is just around the corner, and investors or traders and average Joe might liquidate to have some money to buy Christmas gifts and presents for their family and love ones.

[boyptc]

Now 20k resistance became Support for the New High.

Not yet sure if $20k became the support already.

But as long as it stays above $20k for a long time, we can already conclude that we've got now higher support. The days haven't been long and yesterday was seem to be a long time already and we're already expecting another bull run even without it having the correction.

Higher low this is much desired.

Well it could be if we keep the momentum to $22k-$23k then obviously, the previous all time high will now be the support for us.

Exactly, a good price of $20k means that we can maintain this range as long as there are no retracement in the next coming days. We all know that holiday is just around the corner, and investors or traders and average Joe might liquidate to have some money to buy Christmas gifts and presents for their family and love ones.

That's a great thing if $20k would be the support already. I wouldn't be confident if we won't see a kind of medium correction unless we're really in a strong rally this time.

But with all of the good news for bitcoin and institutions adoption, I'd celebrate if we'll no longer go down below $20k-$10k.