Bitcoin: Is $33,000 in sight for BTC?
Top coins from the crypto market started rallying yesterday. With the same momentum being carried forward on Wednesday, Ethereum and Ethereum Classic led the uptrend show. That did not stop Bitcoin from joining the party. The largest crypto was also trading in green. Until recently, BTC stagnated around the psychological $19k mark. Post the latest appreciation, it already surpassed the $20.5k hurdle. Over the past few weeks, seldom had the daily gains and weekly gains been at par. But on Wednesday, such was the case. After noting gains of more than 7% on the daily and weekly, the largest crypto asset was priced at $20.65k at press time. Source: CMC The next few days are going to be crucial for Bitcoin. Since re-testing and breaking above the descending downtrend line [red diagonal], the asset has already inclined by roughly 10%. As illustrated below, it is now slowly approaching its next immediate resistance which is where it was rejected earlier this September. Source: Re...