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Watch these two levels if Bitcoin price sees a major correction before $20K

Published 11/18/2020, 06:47 AM
Updated 11/18/2020, 08:20 AM
Watch these two levels if Bitcoin price sees a major correction before $20K
BTC/USD
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BTC/USD
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Bitcoin (BTC) is on the run, printing a new high with each day. After officially achieving a new all-time high by market cap, will Bitcoin finally break through that elusive $20K barrier once more? Or will we first see a major correction?

BTC/USD 1 week chart. Source: TradingView

It’s hard to not get excited when looking at the weekly Bitcoin chart. In the past 30 days, Bitcoin has undergone a true parabolic run. But it is yet to reclaim its previous all-time high, which is just 10% away.

BTC/USD 1 day chart. Source: TradingView
BTC/USD 1-HOUR chart. Source: TradingView
BTC/USD 1-hour chart. Source: Tensorcharts
Rainbow chart. Source: Blockchaincenter

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