3 reasons why Bitcoin price faces a major hurdle at $20,000
Cointelegraph
Published Nov 24, 2020 01:31PM ET
Updated Nov 25, 2020 08:20AM ET
The price of Bitcoin (BTC) hit $19,469 on Coinbase, reaching its highest point since its December 2017 peak. Although the dominant cryptocurrency is close to surpassing its record high, there are some warning signs to take note of.
Three potential reasons Bitcoin faces the possibility of a pullback at $20,000 are a bull trap, overhead resistance and an overcrowded derivatives market.
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Written By: Cointelegraph
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