Traders’ Digest: After $12K, Bitcoin Is Heading To $14,300 Before 2021

Traders’ Digest: After $12K, Bitcoin Is Heading To $14,300 Before 2021

Gate Trade News Thursday, October 22, 2020 75 1

Bitcoin rallied hard and surpassed this year’s high in the last 24 hours. Now, an underlying trend analysis suggests that BTC’s next price target is $14,300.

 

Characterized by an explosive rally in the last 24 hours, bitcoin just took back this year’s high again. But a popular TradingView-based analyst is calling for BTC to hit $14,300. 

 

This is based on the ‘Underlying Trend-line’ analysis, which, according to him, is the “the most consistent trend-line since March.”

 

As per TradingShot(TS), a widely popular bitcoin analyst, all the signs are pointing to BTC rallying to higher price points. How high? Well, the ‘Underlying Trend-line’ that TS published in June this year suggests a climb to the $14,300 mark.