It’s a “Matter of Time” Before Bitcoin Hits $20,000: Analyst

5fa52c8527d8d

Analysts think that Bitcoin may be primed to hit $20,000 after passing $14,000. An analyst said that it is just a “matter of time” before new all-time highs. Raoul Pal, CEO of Real Vision and a former hedge fund manager, agrees with this sentiment. Bitcoin Could Soon Hit $20,000, Macro Chart Shows Analysts think that Bitcoin may be primed to hit $20,000 in the near future (meaning next couple of weeks or months) after breaking past $14,000 decisively. After consolidating under that level, the crypto market erupted over the past 48 hours. BTC currently trades for $15,700, far above this week’s lows near $13,300. The leading cryptocurrency is expected to move to $20,000 in the coming months due to the importance of a technical break of $14,000. One analyst shared the chart seen below amid the move higher, noting how it is just a “matter of time” before new all-time…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE