Bitcoin Short-Term Breakout Has It Aiming for $20,000 Again

[Jentot]

Bitcoin Short-Term Breakout Has It Aiming for $20,000 Again

At the time of press, Bitcoin was making another attempt at moving above the level after breaking out from a short-term pattern.

Bitcoin Deviates Above Resistance
The BTC price has been facing resistance from $19,400 since it was rejected by the level on Nov. 24, causing a sharp drop.
Since reaching a local low on Nov. 26, BTC has been increasing and has deviated above this $19,400 resistance area on Dec. 1 However, BTC is also following an ascending support line, which combined with the resistance area creates an ascending triangle of sorts.

The MACD and RSI are bullish and support the possibility of an upward move and an eventual breakout, which could take the price to a new all-time high.

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