Bitcoin price hits $18K but traders expect ‘shallow’

Bitcoin price hits $18K but traders expect ‘shallow’

Gate Trade Bitcoin Wednesday, November 18, 2020 388 1

Bitcoin (BTC) just set another 2020 high by rallying above $18,000 for the first time in three years. On Nov. 17

BTC price rallied to $17,858 after a high volume surge pushed the price cleanly through the $17,100 to $17,300 range that many analysts believed would be a strong resistance level.

According to Decentrader co-founder, filbfilb, Bitcoin price could continue to march higher in the short-term if key underlying supports hold. “The current PA could still very easily result in a blow-off towards the Golden Ratio Multiplier, currently at 19k.”