Bitcoin price displayed strength over the last four days as it finally broke past the $19,000 price zone.
Bitcoin price was consolidating over the past week before this rally. At the moment, the $18,000 price level is acting as strong support for the coin.
Even though the Bitcoin price has stabilized, the $18,000-$19,000 price range remains critical.
If the cryptocurrency fails to trade above its present level and falls near $18,000, its next trading zone will be at $15,000. Buyers seem to have returned to the market owing to the relief rally.
Technical indicators have also painted a bullish picture for Bitcoin on the daily chart. Demand for Bitcoin has to remain constant in order for the coin to stay optimistic on its daily chart.
The coin could go to $24,000. However, that price level may prove to be a strong barrier for Bitcoin.
That could in turn push the price of Bitcoin to its closest support line. If Bitcoin manages to hold above $22,000, there are chances ..
Support the originator by clicking the read the rest link below.
