BTC’s price needs to stay above $20,500 for the price to have a chance to rally high to a region of $22,500. BTC’s price continues to trend, creating a more bullish bias as the price aim for $22,500, where the price could face resistance. BTC’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The crypto market had a good run in the previous week as the price of Bitcoin (BTC) surpassed the expectations of many holding out for the price to continue in its downtrend as many traders looked trapped with no sign of Bitcoin (BTC) going lower as the price of Bitcoin eyes a possible rally to $22,500. The crypto market has seen some relief across all assets, but the new week holds mixed feelings, with Bitcoin (BTC) dropping toward its key support. (Data from Binance) Related Reading: Bitcoin Price Starts Constructive Correction, Why BTC Could Drop Further Bitcoin (BTC) Price Analysis On The Weekly Chart The previous week saw many altcoins produced over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope is returning to the crypto space. The new week hasn’t kicked in like the last as most altcoins have begun to look shaky, dropping off from their weekly highs, including the price of BTC suffering a minor price retracement back to a region of $20,800 just above its key support are...
