The past weekend has been a great one for the Bitcoin and altcoins as people got to see a lot of green in the cryptocurrency market. The signs of life have bloomed into the market that signals a bullish run. Earlier this month, BTC price was struggling to rise above $6,500 mark and now with it being just a touch shy away from closing on $9,000, all the hopes have been raised high.
Other digital currencies are positive as well such as ripple which is at $0.8757. Bitcoin Cash has taken a whopping surge and is now sitting at $1,422 while coins like Litecoin, Qtum and Bitcoin Gold among others are on the rise as well.
Read more:
https://coingape.com/btc-price-likely-to-score-20k/The article is not clear to say the tittle of ".....Experts Claim BTC Price Likely To Score 20k Before May Ends", I can not find who is the expert to say that inside article just news of coindesk plan for Consensys event. The content and the tittle seems a gap between statement 20K but no description and analysis how it can be. Here there is similar thread to talk about discussion price with some key point
https://bitcointalk.org/index.php?topic=3377013.msg35424293#msg35424293:
1. Artical presented good technical analysis for current movement of BTC price. Technically, BTC is tested to start long run bullish with the successful of crossing over the resistance around 9.200 USD.
2. There are negative news at current moment which is inline with the resistance faced technically, they are Iran Bank Ban and Macau Authority policy.
By seeing psychological figure of BTC price, I think the next resistance if the ascending trend has been confirmed is on around USD 12.000. But if considering coindesk event to be held next month it is not possible the price will reach higher but to reach 20K is too early if happened on end of May.