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October 4, 2022
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Guide & Analysis

Unsurpassed Bitcoin spikes ATH at $ 23,777!

There is no such asset in 2020. Bitcoin is unsurpassed!

On December 16, the largest digital currency in the world finally breaks the $ 20k house and does not stop there.
Graphically speaking, it was a classic break, with force, with volume.

Bitcoin breaks down and in less than 3 days it already spikes an ATH at $ 23,777.00.

It blew up almost $ 4,000 more from the symbolic $ 20,000 range. Really impressive!

Analysis of CointradeCx
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Bitcoin Graphical Analysis (Daily)

Note that on this daily chart, Bitcoin breaks the averages before Halving and since then it has only been on an upward trend.

The yellow zone (between EMA89 and EMA200) became support and Bitcoin remains above and far, which calls for a correction.

A good call for healthy retraction would be to correct for this yellow zone, but the market is in charge and Bitcoin is unsurpassed.

Check out the full review in the video.

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