The opening of Bitcoin market in green this morning after weekend, is definitely encouraging for market participants but we need to wait for opening of US market in the evening to see this positive trend continues and price is consolidated above 17K during the current week, then we might see Bitcoin moving towards 20K in coming weeks, if decaling trend in inflation continues in coming months.
$17,108 high price chart in 1D count seen on coinmarketcap. Now the Bitcoin price is still playing between $16.9K to $17,017.
Upon awakening from a sleepless night, Bitcoin started at $16.9K and is still very likely to close today with a high of $17.3K or $17.5K.
https://coinmarketcap.com/currencies/bitcoin/As our discussion before that we still need some time to look back at the price of Bitcoin trading at $20K and $17K is still a logical support price this week or even this month.