Bitcoin Price at $21,000 Possible? This Chart Analyst Thinks Yes

Bitcoin could backtrack its way towards $20,000 in the coming sessions, says a chartist at TradingShot, an independent investment advisory firm. A $21,000 Bitcoin In his Wednesday note, the analyst wrote that the benchmark cryptocurrency anticipates undergoing a strong rebound move after testing a short-term support trendline. The trendline serves as a part of an […]

Bitcoin Price at $21,000 Possible? This Chart Analyst Thinks Yes

Bitcoin could backtrack its way towards $20,000 in the coming sessions, says a chartist at TradingShot, an independent investment advisory firm. A $21,000 Bitcoin In his Wednesday note, the analyst wrote that the benchmark cryptocurrency anticipates undergoing a strong rebound move after testing a short-term support trendline. The trendline serves as a part of an Ascending Channel formation, forming a sequence of higher highs and higher lows. The previous fluctuations allowed the TradingShot analyst to foresee a fractal repeat on Wednesday. Today, the price anticipatedly pulled back after testing the Ascending Channel’s lower trendline, partially validating the analyst’s call of Bitcoin extending its upside move towards the upper trendline, which sits near $21,000. Bitcoin trade setup, as presented by TradingShot.