ANALYSTS EXPECT MOVE TO $20,000 HIGH AS BITCOIN HOLDS KEY SUPPORTS

ANALYSTS EXPECT MOVE TO $20,000 HIGH AS BITCOIN HOLDS KEY SUPPORTS

Gate Trade News Friday, November 20, 2020 13 0

Bitcoin underwent a rapid correction last evening after the coin pressed as high as $18,500 on leading exchanges.

 

Even still, analysts remain optimistic on the leading cryptocurrency.

 

One trader said that since Bitcoin managed to hold key support levels despite entering the low-$17,000s twice in the span of a few hours, it could move to new highs.

 

Bitcoin underwent a rapid correction last evening after the coin pressed as high as $18,500 on leading exchanges. The coin fell by around $1,000 in the span of a minute or two, plunging from those highs to $17,400.