Bitcoin price hits $23K as on-chain analyst says $55K is the 'next landmark'
Market Analysis The Bitcoin price (BTC) has surpassed the $21,000â$22,000 resistance range to rise above a new high of $23,000 on Dec. 17. Meanwhile, on-chain analyst Willy Woo now says $100,000 is a âridiculously lowâ target. BTC/USD weekly chart (Bitstamp). Source: Tradingview The $21,000 level was particularly important for Bitcoin to continue its rally in the near term. Exchange heatmaps showed stacked sell orders at around $21,000 to $21,500, which meant BTC price had to break through to see a broader uptrend. The Bitcoin Top Cap Model puts $100,000 as a conservative tar...
Source: cointelegraph.com