Bitcoin seems to have launched itself to the moon after it surged above $20,000 for the first time in history. The flagship cryptocurrency has not slowed down the rally amid the price discovery movement. It is believed the fear of missing out (FOMO) is the force behind the incredible price action. At the time of writing, BTC/USD is trading at $22,060. All three moving averages, the 200 Simple Moving Average, the 100 SMA, and 50 SMA, are behind BTC, currently playing catch up. In other words, Bitcoin is exceptionally bullish. BTC/USD 4-hour chart The least resistance path is upwards, and there is no known resistance ahead (price discovery). Therefore, the rally could continue as far as t speculation permits. Price and technical updates will continue along the day and the week-long, as Bitcoin navigates the space towards the moon. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next WTI Price Analysis: Refreshes nine-month top above $48.00 inside rising wedge FX Street 2 years Bitcoin seems to have launched itself to the moon after it surged above $20,000 for the first time in history. The flagship cryptocurrency has not slowed down the rally amid the price discovery movement. It is believed the fear of missing out (FOMO) is the force behind the incredible price action. At the time of writing, BTC/USD is trading at $22,060. All three moving averages, the 200 Simple Moving Average, the 100 SMA, and 50 SMA, are behind BTC, currently playing catch up. In other words, Bitcoin is exceptionally bullish. BTC/USD 4-hour chart The least resistance path is upwards, and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
