More to Come? Bitcoin Sets Record High Near $18k

To successfully save $ 16,000 early this week, Bitcoin has returned to today's bargain and has recorded a new record-value of $ 17,800.

According to the Bitcoin Price Index (BPI) of KwinDesk, on December 12, Cryptocorti erased the previous record of $ 17,631.42, and the 10:30 UTC raised the new lifespan to $ 17,801.94.

Before Bitcoin (BTC) increased 8 percent in the last 24 hours, the final week's breakdown of alternate cryptokwians, along with trading, has dropped to $ 16,000 in points as well. Nevertheless, the possibility of an annual review of $ 16,000 is probably a proof of strong "deep purchase" mentality among traders.

That said, the value chart analysis shows that Bitcoin can push up to $ 20,000 by marking this Sunday before the BBC Future.

Bitcoin chart

The chart above shows (prices as Coinbase):

Regardless of the 16,000 US dollars operated by the BGME, despite the fact that the dog reversal (marked by the circle).

Another high low of $ 15,700 (December 13 lower) has been placed on the recovery chart.

50-moving average (MA) is aggravated to the bull.

The relative strength index (RSI) is indicated at below 50.00 levels and at the north.

View

BTC looks set to test $18,149 (Dec. 12 high). A violation there would open doors for $20,000.

Only, a 4-hour close below $16,352 (confluence of the rising trendline and 50-MA) would abort the bullish view.

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