Bitcoin to Hit $19K in the Next 10 Days & $25K in February 2023!
Bitcoin price has been largely bullish since the beginning of 2023 and after recording a series of bullish candles, the bulls apparently look exhausted. Therefore, if the bulls lose out their strength, then the possibility of a healthy upswing remains may be halted for a while. However, it appears that the price corrections are just to attract more liquidity over the platform which is more required to uplift the price to reach the desired target of $20,000 very soon.
The BTC price since its trend reversal from the lows below $15,000 appears to follow a pattern of maintaining an upswing along the lower trend line. Ever since the beginning of the year 2023, the price has been incremental and much above the trend line. This indicates the growing strength of the bulls and being self-assured of laying down a firm upswing to reach the levels at $19,000 in the next 10 days.
The current trade set-up flashes bullish signals as the price is preparing to move beyond $19,000 any time from now. The RSI is displaying a steep upswing due to which the price is believed to remain inflated for a longer time frame. However, $19,000 has been a strong support zone previously and hence may hold the prices, if cleared these levels well in time.
Furthermore, on achieving $19,000, the path towards the higher targets becomes pretty clear. The next destination of the BTC price could be $20,000 and after securing above these levels, a notable upswing may uplift the price close to the pivotal resistance at $25,000.
Once the Bitcoin (BTC) price manages to secure levels above $25,000, the bears could have lost ground for a while as the resurgence of the bullish trend may uplift the price beyond $30,000 in the coming days.