Bitcoin has been hovering around 20100 to 20500 since the last week which is bow lower than the speculated price mentioned on this thread, bitcoin market dip has continued but will have weak resistance without any significant price break out for that limit bd if this continues we may have to wait longer before the price reaches $23k or even higher.
I'm not sure where did you get that hovering around 20k since last week when the price of Bitcoin for the whole week never stands to 20k?instead it is 19k is the base price nowadays.
https://coinmarketcap.com/currencies/bitcoin/
But 23k seems to be hard to achieve in this market now, look how low the capitalization and the trading pairs .
For resistance I see we do pass weekly average which after a period of time becomes a low bar, the important part is maintain above that measure even after gains of one or two days.
Right now I dont presume we stay positive unless we trade above 20.2k and build from there, thats the smallest measure to regain and currently most relevant resistance to state as a first hurdle. Nice to see an attempt to end this week positively but in sum total its just a circle.
But its been a week when we last taste that 20k above, Hope we will see it again siin.Right now I dont presume we stay positive unless we trade above 20.2k and build from there, thats the smallest measure to regain and currently most relevant resistance to state as a first hurdle. Nice to see an attempt to end this week positively but in sum total its just a circle.