Bitcoin Just Exploded Higher to $18,300: Here’s What May Come Next

[Jentot]

Bitcoin Just Exploded Higher to $18,300: Here’s What May Come Next

Bitcoin is exploding higher after continued to see bullish strength after the daily close above $17,000. The leading cryptocurrency just minutes ago shot to $18,300, which are highs not seen since the blow-off top of the previous bull market in 2017 and 2018.

Bitcoin is expected to move even higher in the weeks ahead, though some have begun to fear that the market is starting to enter a blow-off top phase. Analysts are eyeing further gains ahead from a medium-term perspective despite some fears of a short-term drop.Josh Rager commented earlier today on the Bitcoin rally, eyeing a move toward the previous all-time highs as the cryptocurrency passes key support levels.
“Bitcoin is shredding each resistance on the daily and high time frames With a close over $17,150, the next major daily/weekly resistance would be at $18,953 to $19,187.”

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