Ethereum
$ 1,229.29 2.19%
Solana
$ 41.14 1.10%
Dogecoin
$ 0.073929 10.81%
ApeCoin
$ 5.19 17.34%
Bitcoin
$ 21,420.00 1.07%
BNB
$ 241.00 2.59%

The Bitcoin price 2020: Point of control or breach?

The Bitcoin price Point of control or breach

Bitcoin price recently fell down to $6900 range before coming back up to the $9000 point on the 19th of January. The current price movement is turning many eyes in the world of digital assets.

The price touched the $9000 mark for a short period of time after it increased by 10 percent due to the spike on 14th January. Since then the price has maintained at a position of $86,00, with rumours that further increase in price may be expected in the upcoming days.

Bitcoin price: Point of control or breach?

A famous crypto analyst, Josh Rager recently talked about Bitcoin’s current market affairs. He stated that the point of control 2019 at $10,100 should act as support for the next few months.

The Bitcoin price 2020: Point of control or breach? 1
Bitcoin Price chart by Josh Ragers

It is crucial to note here that Bitcoin hasn’t crossed the $10,000 mark. According to Josh’s analysis, the price is to surge even more in the next few weeks. Crossing the $10,000 mark could be seen a bit early since at press time, Bitcoin was yet to have any major price rectification.

Currently, as we write this, Bitcoin price has rather come down to $8698, with a 24-hour trading volume of $12 billion.

The Bitcoin price 2020: Point of control or breach? 2
Bitcoin price chart by Trading View

Bitcoin bounced back from the rising trend-line which has been examined a few times since 10th January. Any rectifications over the next few days would cause Bitcoin to come back down to the $8600 mark. If the price falls below $8600 then it would refute the 14th January spike.

Featured Image by Pixabay

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Shiba Inu price analysis: SHIB continues to rise with $0.00001350 in sight
Bitcoin price analysis: BTC slowly retests $21,500, ready to return lower?
Ripple price analysis: XRP/USD set to break above $0.54 overnight
Ripple price analysis: XRP price consolidates below $0.36, but bulls are optimistic

Follow Us

Industry News

Mastercard survey: 50% of Latin Americans use crypto
Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon