Post
Topic
Board Trading Discussion
Re: Bitcoin may test a resistance soon at $14K to $13K before reaching to $20K
by
btcsmlcmnr
on 18/11/2020, 04:19:14 UTC
Bitcoin may test a resistance soon at $14K to $13K before reaching to $20K

It is likely that bitcoin may test a resistance soon to around $14K to $13K before reaching to $20K support zone so trade with caution. It is because there are more holders who are still waiting to sell it on $20K so it is possible that bitcoin may test a resistance before reaching to $20K level to avoid the panic sell otherwise the scenario may be same as of 2017 because of panic sell it took around 2 years to reach to this level again.
What?

Bitcoin was higher than $18k minutes ago and if you wanted to say something with $13k or $14k, it is supports, not resistance. The resistance for bitcoin is $19k or $20k. Three year resistance and it was not touched last 3 years. Bitcoin is closest to that resistance after 3 years.