BTC : 20,000 or 10,000 Next ?
BTC has finally successfully smashed the 12,000 USD resistance and made a further 1,000 USD move up towards 13,000 USD which opens up the possibility of reaching 14,000 USD which is one the most important pivotal point to establish a strong support for BTC to aim for the All Time High of 20,000 USD.
If 14,000 USD gets rejected, we might again see a move down towards 12,000 and potentially 10,000 which are the two main support zones.
This big jump from 11,000 USD to 13,000 USD was highly influenced by the announcement by PayPal which announced that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts.
Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal.
If 14,000 USD gets rejected, we might again see a move down towards 12,000 and potentially 10,000 which are the two main support zones.
This big jump from 11,000 USD to 13,000 USD was highly influenced by the announcement by PayPal which announced that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts.
Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.