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Bitcoin Reclaims $20,500; Here Are The Levels You Should Pay Attention To

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  • BTC’s price shows strength as it bounces from a downtrend range price rallied to a high of $20,800 with eyes set on $21,600. 
  • BTC could rally more as the price creates more bullish bias as the price builds more bullish momentum above $20,300.
  • BTC’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies.

The price action displayed by Bitcoin (BTC) in the past few days has been nothing short of tremendous, creating a more bullish scenario across the crypto market. The crypto market is looking increasingly welcoming as many altcoins continue producing over 30% gains. The likes of DOGE have seen some great runs in recent times rallying from a low of $0.055 to a high of $0.1 after the news broke out of Elon Musk taking over Twitter, considering he is referred to as DOGE father. This has affected DOGE positively. (Data from Binance)

Bitcoin (BTC) Price Analysis On The Weekly Chart.

Bitcoin (BTC) has struggled to regain its bullish momentum in recent times; despite the uncertainty…

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