Strong moves from Bitcoin this week have rekted altcoins in the process. In the last 24-hours, the leading crypto posted +8% gains to $18.2k.
With its current run of form, many analysts expect Bitcoin to break its previous all-time high soon. Analyst ConnorNix predicts we’ll see a retest of $17.1k, followed by an upswing to $20k by tomorrow.
“With the smell of parabolic-ness in the air, one can’t help but drawcharts.
Retest orange line, 17100ish, this was a big resistance on my charts. Tomorrow 8am gmt roughly.
Then up to purple line which is ATH by the same evening then to the moon!
Bitcoin has surprised a lot of people. I’m hoping it’s going to surprise the world 🌎 .”
Source: BTCUSD on TradingView.com