#

Article

#

Bitcoin has reached $17,000 again - 3 reasons why BTC is ready for a new rally

Bitcoin has reached $17,000 again, and investors are waiting for the next big one.Bitcoin has reached $17,000 again, and data shows that whales are preparing for a new rally.The market has a bullish mood, as the price of BTC is close to breaking the $18,000 resistance and consolidating at $17,130, according to analysts at JPMorgan Chase & Co.Bitcoin has also reached a new level, a new record level, and some crypto traders are optimistic about the next BTC rally.After hitting a new all-time high of $18,840 on January 7, bitcoin has slowly but surely returning to $18,000, and bullish messages on major exchanges are still strong.Bitcoin has reached a new all-time high againAccording to analysts at JPMorgan Chase & Co, bitcoin has almost reached the $18,000 level again, this time by consolidation.At the time of writing, bitcoin is trading at around $18,080, and on January 8, the day after the previous high, the price was $18,840.A trader known as "Salsa Tekila" said that bitcoin has almost reached the $18,000 level again, this time by consolidation. He said:"This time, we are close to breaking the highs, which means that bitcoin is still very much a work in progress. It will be difficult to overcome this level, but I expect it to happen this time."Similar factors seem to be pushing investors towards $18,000, as bitcoin has grown in recent months. months. The trader said at the time:"The last time we saw this level, it was quite a contrast compared to the previous year. It looks like the price has stabilized, while the price is still far from the peak of 2017. things."Another prominent crypto trader known as "Byzantine General" said that the price of bitcoin has once more surpassed $ 18,000, which again confirms the bullish Outlook. He said:"Byzantine General is currently in the process of testing the 18,000 level. If it breaks, the next area to look out for is the $ 16,000 area."If bitcoin breaks $ 18,000 again, it will be the highest weekly close in the history of the cryptocurrency. Since the beginning of 2020, the weekly close of BTC has exceeded $ 18,000, four times. The cryptocurrency market will be launched on January 9 with a new rally.You can share your opinion in the comments section!