• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, September 23, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Bitcoin Would Rocket to $20k if It Were to Breakout Today

17 October 2020
in Bitcoin
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Cryptohopper
ADVERTISEMENT


  • Bitcoin’s price has been struggling to gain any serious momentum over the past few days
  • This has come about due to the stock market’s sideways trading, which is still holding heavy influence over that of BTC
  • The cryptocurrency is facing some heightened selling pressure due to bearish developments within the market, but bulls have been absorbing the heavy influx of sell orders
  • Where the entire market trends next may depend largely on Bitcoin
  • One analyst is noting that he believes it is coiled up to make a big move in the near-term
  • He even notes that this may be the “calm before the storm” and that a serious upside movement could be right around the corner

Bitcoin and the entire cryptocurrency market are currently trading sideways. Both bears and bulls have been struggling to take control of the market’s near-term outlook, which may be due to the stock market’s lack of momentum.

One analyst is noting that Bitcoin could currently be caught within the “calm before the storm” – a sentiment that indicates a big move is coming.

The same analyst further stated that he believes Bitcoin would rocket straight up towards $20,000 if it were to breakout today.

Bitcoin Struggles to Gain Momentum as Entire Market Consolidates

At the time of writing, Bitcoin is trading up marginally at its current price of $11,350. This is around the price at which it has been trading throughout the past few days.

Despite the stock market showing signs of weakness and altcoins drifting lower, Bitcoin still has significant buying pressure due to the bullish developments surrounding its adoption as a reserve asset amongst major corporations.

As it continues consolidating, most major altcoins have been slowly drifting lower as investors try to de-risk their portfolios.

Until BTC pushes higher, this trend will likely persist in the near-term.

BTC Would Rocket to Its All-Time Highs if It Broke Out Now; Claims Analyst 

While sharing his thoughts on Bitcoin’s near-term outlook, one analyst explained that Bitcoin would likely surge towards $20,000 within the next 3 months if it were to breakout now.

“Calm before the storm. If BTC was to breakout today, it would most probably reach its previous ATH of $20k within 3 months,” he said.

Image Courtesy of Mohit Sorout. Source: BTCUSD on TradingView.

Unless a phase 2 stimulus package boosts the stock market and allows Bitcoin to explode higher, it is unlikely that BTC will be able to breakout until after the elections.

Featured image from Unsplash.
Charts from TradingView.





Source link

Related articles

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

22 September 2023
Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

22 September 2023
[crypto-donation-box]
Tags: 20KBitcoinBreakoutrockettoday
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

The Crucial Level to Watch as Ethereum Prepares to Shoot Toward $700

Next Post

Ripple (XRP) Closes Last Hour Up $0.00; 3 Day Down Streak Snapped, Pin Bar Pattern Appearing on Chart

Related Posts

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

22 September 2023
0

The United States Federal Reserve’s decision has been on the radar of crypto investors given how the outcome has often...

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

22 September 2023
0

Bitcoin (BTC), the flagship cryptocurrency, is currently drawing significant attention as it stands poised for a potential upward surge. Santiment,...

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

21 September 2023
0

Bitcoin has fallen below the $27,000 support but even this has not eliminated the bullish signals that surround the cryptocurrency....

Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

19 September 2023
0

With a market valuation of almost $520 billion and a current price of $26,690, Bitcoin has reclaimed the limelight. It...

Analyst Believes ‘This Is The Beginning’

Analyst Believes ‘This Is The Beginning’

18 September 2023
0

Bitcoin (BTC) aficionados have something to smile about as crypto expert Jason Pizzino shares his optimistic outlook on the cryptocurrency’s...

Load More
Next Post

Ripple (XRP) Closes Last Hour Up $0.00; 3 Day Down Streak Snapped, Pin Bar Pattern Appearing on Chart

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Some Japanese XRP Holders Will Receive Yen for Delayed Songbird Airdrop
  • Ethereum Staking Momentum Falling, What’s Going On?
  • Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,584.00-0.18%
  • ethereumEthereum(ETH)$1,596.340.31%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$211.410.00%
  • rippleXRP(XRP)$0.510.30%
  • usd-coinUSDC(USDC)$1.00-0.07%
  • staked-etherLido Staked Ether(STETH)$1,595.940.26%
  • dogecoinDogecoin(DOGE)$0.0617180.12%
  • cardanoCardano(ADA)$0.244821-0.43%
  • solanaSolana(SOL)$19.50-0.42%
  • ToncoinToncoin(TON)$2.30-0.69%
  • tronTRON(TRX)$0.0833690.21%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$4.03-0.04%
  • matic-networkPolygon(MATIC)$0.520.13%
  • litecoinLitecoin(LTC)$64.84-0.51%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,582.00-0.19%
  • shiba-inuShiba Inu(SHIB)$0.0000070.76%
  • bitcoin-cashBitcoin Cash(BCH)$208.870.18%
  • chainlinkChainlink(LINK)$7.085.69%
  • daiDai(DAI)$1.000.13%
  • leo-tokenLEO Token(LEO)$3.860.60%
  • true-usdTrueUSD(TUSD)$1.00-0.07%
  • uniswapUniswap(UNI)$4.260.02%
  • stellarStellar(XLM)$0.1150630.84%
  • avalanche-2Avalanche(AVAX)$8.87-0.25%
  • moneroMonero(XMR)$145.47-0.16%
  • okbOKB(OKB)$42.95-0.34%
  • binance-usdBinance USD(BUSD)$1.000.06%
  • ethereum-classicEthereum Classic(ETC)$15.24-0.34%
  • cosmosCosmos Hub(ATOM)$7.190.38%
  • hedera-hashgraphHedera(HBAR)$0.0507110.87%
  • filecoinFilecoin(FIL)$3.230.07%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • lido-daoLido DAO(LDO)$1.490.17%
  • crypto-com-chainCronos(CRO)$0.0505390.96%
  • quant-networkQuant(QNT)$90.091.30%
  • internet-computerInternet Computer(ICP)$2.941.31%
  • MantleMantle(MNT)$0.393384-0.32%
  • vechainVeChain(VET)$0.017042-0.53%
  • AptosAptos(APT)$5.160.78%
  • makerMaker(MKR)$1,283.13-1.57%
  • ArbitrumArbitrum(ARB)$0.852.05%
  • nearNEAR Protocol(NEAR)$1.12-0.67%
  • optimismOptimism(OP)$1.30-0.03%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0462430.78%
  • aaveAave(AAVE)$64.161.58%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,734.000.27%
  • BSCEXBSCEX(BSCX)$237.190.34%