After $17,150 Turns Into Support, Bitcoin Could Surge Toward $20,000

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Bitcoin has begun to surge higher again after multiple days of consolidation under $16,000. The coin traded as high as $16,500 earlier today. Analysts are not yet convinced it’s clear skies for Bitcoin, though. Bitcoin Could Surge Towards $20,000 Once $17,000 Is Claimed Bitcoin has begun to surge higher again after multiple days of consolidation under $16,000. Hours ago, the leading cryptocurrency moved from the $15,900 resistance it was trading near toward $16,500. Analysts are not yet convinced it’s clear skies for Bitcoin, though. This comes in spite of some sentiment shared that there is no serious technical resistance from here until $20,000. The leading cryptocurrency currently trades below a number of important daily levels that acted as support and resistance during the 2017 and early 2018 rally. Crypto-asset analyst Josh Rager recently shared the two charts seen below. On the left is Bitcoin’s one-day chart from late-2017 and early-2018,…

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