Bitcoin (BTC) Targeting Break Above $20K? Crypto Twitter Bullish As Analyst Pinpoints Key Levels to Watch

15 January 2020, Wednesday, 17:15 - dailyhodl.com
Bitcoin (BTC) Targeting Break Above $20K? Crypto Twitter Bullish As Analyst Pinpoints Key Levels to Watch

A new poll from economist and crypto analyst Alex Krüger is shedding light on Bitcoin sentiment across crypto Twitter.

The poll of 4,079 people shows 47.1% believe Bitcoin will surpass its all-time high by the end of the year.

Another 27.6% say they think BTC will end up between $14,000 and $19,999; 10.5% think Bitcoin will wind up between $11,500 and $13,999; and 14.8% say it will end up at $11,499 or lower.

The Bitcoin fear and greed index from Alternative.me, which tracks market momentum, social media and surveys, says trader sentiment is now in neutral territory. When the gauge hits the greed zone, the creators of the survey say Bitcoin may be overbought.

Analyst Josh Rager is laying out the next lines of support and resistance for the leading cryptocurrency.

If BTC can pass $9,400, which held as support in the summer and fall of last year, he says it could break out to $10,350.

“$9400’s – Held as support for June-Sept range, significant area to break

$10,350s – Point of control, highest volume traded at this pricepoint from May to December

Breaking $10,350s, IMO, will confirm next big uptrend with 5-digit BTC for months to come”

Featured Image: Shutterstock/wacomka



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