BTC bulls have reasons to keep 24,000 on radar

  • BTC / USD is challenging the drawback of 24,300, a recent bid by 23, 110.
  • Bullish MACD, a continuous cut of key resistances favors bulls.
  • Vendors need to cut 19,500 to gain fresh entry.

BTC / USD is printing 1.0% intraday earnings while flashing 23,695 as of a quote early Monday. In doing so, the crypto major reverses the record-breaking withdrawal movements of 24,300 by bouncing off 23,110 late.

While overstretched RSI conditions warn bulls, a continuing upside-down cut from the 2017 peak, as well as an upward trend line from June 2019, keeps the pair buyers hopeful.

As a result, BTC / USD bulls might not hesitate to eye the 30,000 magnets magnet as an immediate target before moving on to the 100,000 strong landmark basic tips.

Read: Bitcoin’s price at $ 100,000 is too conservative, says chain analyst Willy Woo

Conversely, any further disadvantages may look for the rounded figure of 20,000. However, sellers will remain vigilant until they witness a handicap breach of the 19,500 mark, which includes late November tops.

Overall, the BTC / USD is for a long journey north but intermediate corrections cannot be ruled out.

BTC / USD daily chart

Trend: Bullish