Bitcoin Price Primed to Test $20k Ahead of CME Launch

Bitcoin has accumulated the speed of this weekend, as investors have been able to add BTC futures to the launches by CME.

According to the Bitcoin Price Index (BPI) of Qendas, according to the market capitalization, the world's largest cryptorchidation today is the newest total of 12: 19,783.06 in today's UTC. Bitcoin (BTC) has reduced 10 percent in the last 24 hours according to the data source currency market cap. One year ago, it trades below $ 1,000

Bronze Flood Breakout discussed in the last week is going forward to $ 20,000. After launching the first BTC voucher agreement at CBOE last Sunday at 23:00 GMT, the price moved above a firm $ 16,000. CME is going to launch its own version today.

A large part of the rally of $ 6000 (until November) can be assumed that a mainstream stream will open up the doors of the institutional finance of the producer-hunger with the list of BTC futures in the CME and CBO.

Therefore, following the futures list in the CME, cryptoons may be under pressure this week due to "news of the news" trading. Also, the price list analysis is capable of being bullish on cryptocirans.

Bitcoin 4-hour chart

The chart above shows (prices as Coinbase):

Battalion break breakout and a bullish follow-on on 10th December
Bottom pattern along the growing trend line and a bullish break above $ 18,000
Obviously, the bull is in control and the price may be more than $ 20,000. Comments on Social Media A significant portion of the investor community shows that cryptocrince temporarily expects to test $ 24,000.

View

Technical studies, except for overbought conditions, as shown by relative strength indicators, favor more upwards in Bitcoin.

Still, the "sell the news" risk can not be terminated out of trading. In this case, the prices can be tested for 4-hour 50-MA and 100-MA 17,000 dollars and $ 14,850 respectively, respectively.