5 Traders' Bitcoin Price Predictions as BTC Breaks Out Over $20,000
Bitcoin pumped to an intraday high of over $20,400 Tuesday, closing a four hour candle above $20k and two above the October monthly open ($19,411). Bitcoin is now up 3-4% this month, although most of that move took place in the last 24 hours - the Bitcoin price has largely been trading sideways for over 100 days since the yearly lows in mid June. Will Bitcoin recover higher, or is this move a fakeout / bull trap? Bitcoin Price Predictions With Bitcoin's pump today many analysts have speculated on a short term Bitcoin price forecast: Jacob Bury Our resident CryptoNews analyst Jacob Bury sees the Bitcoin price potentially rallying higher to $27k where he expects it to be rejected on its first attempt to reclaim the 2021 lows ($28,700) as the overall macro trend is still bearish. '#Bitcoin might be headed towards $27k, but we are still in a bear market , expect rejections. #cryptonews #btc #crypto' That approximate Bitcoin price target is shared by many t...