Bitcoin’s Looming Breakout Could Make for New 2020 Highs

Share Article
In Brief
  • Bitcoin is facing resistance and support at $12,300 and $11,300, respectively.

  • Daily technical indicators are bullish.

  • Bitcoin has likely begun the final wave of a five-wave Elliott formation.

  • promo

    Gravity Dex Protocol: Bringing DeFi to Cosmos

The Trust Project is an international consortium of news organizations building standards of transparency.
The Bitcoin (BTC) price has broken out from a crucial resistance area and invalidated a number of bearish wave counts. This makes it likely that BTC has begun a new upward wave that takes it above the current yearly highs. Bitcoin's Monthly Close During the month of August, Bitcoin created a small bullish Doji that came after a bullish engulfing candlestick in September. While this
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Sponsored
Share Article

Related topics

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!

Go

Market signals, studies and analysis! Join our Telegram Today!

Go

Market signals, studies and analysis! Join our Telegram Today!

Go