Bitcoin (BTC) Hit $13K Mark Today, And It Is On Its Way To $20K


Earlier today, Bitcoin (BTC), the leading cryptocurrency by market capitalization, hit the $13,000 mark, as it traded a little above $13K. Even though in the last hours BTC dropped back towards $12,500 level, the most loved crypto in the market is still on the right track to reach $20,000 soon.

More specifically, since the Bitcoin (BTC) jumped over the $8,000 mark, the leading cryptocurrency has been on a continuous surge, gaining more than it lost, something that reflects in the current BTC/USD pair.

Nonetheless, if we were to review the progress that Bitcoin (BTC) witnessed back in 2017, we'll observe a similar pattern in the evolution of the BTC. Back in 2017, Bitcoin (BTC) also considerably surged once it has broken the bearish trends.

Now, in 2019, the same seems to happen. Accordingly, cryptocurrency market analysts are positive that nothing can now stop Bitcoin (BTC) from surging towards the $20,000 mark. Even more, many believe that the BTC would surpass that level and, by the end of 2021, Bitcoin would trade at above $100,000.

Bitcoin (BTC) is on  the right track to hit the $20,000 mark this year

According to Bitcoin (BTC) graph analysis, the closest resistance is now at $12,500 – $13,000, the range in which the BTC is currently trading. At the moment of the writing, Bitcoin (BTC) trades at a little above $12,600 per unit. The BTC witnessed the same resistance in January 2018, but this time, if Bitcoin (BTC) breaks this level, it would surge towards $15,000 without much effort.

After hitting the $15K mark, Bitcoin (BTC) would aim for the $16,500 area, a level that experienced a significant correction back in the first week of December 2017. Just a couple of days after reaching the $16.5K mark on December 7th, 2017, the BTC plunged to $12,800.

However, the same trend might happen this year. But, once Bitcoin (BTC) reaches the $17,400 level (an extremely probable mark later this year), the bulls would sustain the leading cryptocurrency in the market, so the BTC should easily hit the $20,000 mark by the end of the year.

At the time of this article, Bitcoin (BTC)00 trades at $12,604, surging by 11.27% in the last 24 hours. As we can see by reviewing the previous days' BTC trends, Bitcoin (BTC) is on the right track towards the $20K mark.

Coins Mentioned

BTC

Bitcoin

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1622 Articles
7255 Followers