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Following Bitcoins Recovery, Will 2020 Start Bullish?

Following Bitcoins Recovery, Will 2020 Start Bullish?
  • Bitcoin thankfully saw a relief rally last night.
  • This resurrection essentially erased the previous losses made over the past week or so.
  • Bitcoin is now looking at a new resistance level of around $7.8k

After previously expecting to see some stalling around $6.5k mark, Bitcoin thankfully saw a relief rally last night. This resurrection essentially erased the previous losses made over the past week or so.

Bitcoin is now looking at a new resistance level of around $7.8k, but there is a chance that it could see a big recovery to $8k.

This comes from one crypto analyst under the name of Crypto Michaël who took to twitter to say:

Another prominent analyst on Twitter, Josh Rager spoke on the opporutnies to short bitcoin at higher prices. 

That being said, before we go any further it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!

It will be interesting to see how the price plays out from here. For more news on this and other crypto updates, keep it with CryptoDaily!

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