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Path to $20K Bitcoin price now wide open after previous resistance breaks

Path to $20K Bitcoin price now wide open after previous resistance breaks

Bitcoin (BTC) hit new highs in extra of $18,750 on Nov. 20 as its newest prolonged bull run continued to thrill traders.

BTC value inches nearer to all-time highs

Knowledge from Cointelegraph Markets, Coin360 and TradingView confirmed BTC/USD climb swiftly after reclaiming $18,000, taking out its earlier excessive of $18,420 to proceed rising.

At press time, native highs of $18,817 took Bitcoin to inside $1,250 of its all-time highs from December 2017.

BTC/USD 1-hour chart. Supply: Tradingview

The newest positive factors come as altcoins additionally start to hit historic ranges, which have remained untested for a number of years.

Talking concerning the market’s present power and future prospects, Tom Lee, co-founder of Fundstrat World Advisors, was extra bullish than ever.