Is Bitcoin's New Level $20K?

Is Bitcoin's New Level $20K? Is Bitcoin's new level $20k? What to expect from the leading cryptocurrency Bitcoin? With the ongoing uncertainty in the US presidential election and pandemic concerns, Bitcoin (BTC), which gained 9.2 in value, exceeded $ 15,000. This level was a level that the leading cryptocurrency Bitcoin (BTC) had not seen since January 2018. It is stated that Bitcoin (BTC), which has been observed to rise especially when the markets are in uncertainty, may rise even more due to the quarantines applied in European countries and the US presidential elections have not yet reached a result. So what do analysts expect from Bitcoin? What could be the new resistance level of the leading crypto? Fundstrat Global Advisors LLC technical strategist Rob Sluymer noted in his note last month that after Bitcoin's $ 13,800 level, the resistance point ahead will be $ 20,000. The cryptocurrency markets, known for their volatility, are unlikely to reach this level due to the parabolic movement of Bitcoin before the sharp declines - especially December 2019 and 2017. On the other hand, some analysts also suggest that the leading cryptocurrency will continue to rise.   This article has been prepared with the contributions of Bloomberg HT.