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18 January 2021

Analyst: Once $20k breaks, throw Bitcoin fundamentals and valuations out the window | CryptoSlate

Analyst: Once $20k breaks, throw Bitcoin fundamentals and valuations out the window | CryptoSlate

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While it is actually a bit of a misnomer that the coin traded above $20,000 in 2017’s bull market, that level has become a key technical and psychological resistance.

According to one analyst, $20,000 is so important to Bitcoin that all fundamentals can be “thrown out the window” once it breaks.

Qiao Wang, a prominent crypto asset analyst, thinks that Bitcoin will likely explode higher with momentum once it breaks $20,000 for the first time.

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Cryptoslate.com

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finance investing currencies & foreign exchange

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bitcoin market trend psychological resistance cryptocurrency price discovery
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