If these resistances are broken, the price of bitcoin could reach $ 16,000
According to many experts, the market is likely to reach $ 16,000 if the price of Bitcoin breaks the key resistance ahead.
It is just a matter of time before Bitcoin will reach $16000. But that dont mean that after it will reach $16000 will never go below 16000 again. Question is can Bitcoin go above $16000 this year. O personalty believe that chances for that are more then 50%.
In one jump, the price may even reach 20,000 and in a few days it will fall below 16,000.
Everything in this volatile market depends on supply and demand.
However, I hope that the support for Bitcoin will be around 12,000 and we will return to the previous resistance. Then we can expect high prices.