091: Crucial Indicator Shows Bitcoin Price 250% Higher in 2020 | John McAfee Challenge to US Congress

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - January 08, 2020 16:20 - 14 minutes - 6.8 MB - ★★★★ - 537 ratings
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The Bitcoin price could establish a new all-time high above the $20,000 level in 2020 as it hits crossroads with a bias-defining indicator. The benchmark cryptocurrency’s latest move uphill prompted it to retest its 20-weekly moving average on Wednesday. The technical indicator is conclusively accurate when it comes to defining the BTC price long-term trends. When Bitcoin (BTC) breaks above the MA, it tends to stage parabolic bull runs. Nevertheless, the best-case scenario shows Bitcoin attempting a 250 percent jump in the long-term. That would bring its exchange rate close to $28,000.