The5%ers Blog

Is BTC/USD on the Way to the Last Record at $20,000?

continuation levels btcusd 30-5

At the beginning of 2018, BTC/USD had failed to surpass the $20,000 mark. Thereafter, the drop was rough and painful.

While some investors started to doubt the crypto-currency assets, the BTC/USD has managed to perform a hero recovery.

In the last few months, it succeeded to triple its value from $3000 to almost $9000. Now, some of the investors believe that the price can reach back $20,000 which is the last record.

If we would like to join the momentum, we should wait for the price at the demand below which is at a great continuation level, and buy there, at the first touch.

At the moment, we can see the price compress down slow and easy and if the price remains that way, toward the demand below – it will create a great opportunity to buy.

The first target will be the support at $11,000 zones, and the final target will be the last record of the price.

 

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