Last week, Bitcoin price bottomed out at around $19k and $20k. Currently, the support looks strong and can pull down BTC even below.
The currency started in September trading at $20,049 and since then, the currency has been on a rollercoaster ride. On September 13, bitcoin reached $22,781 before a massive 20.34% drop. However, currently, bitcoin is trying to find its stance as the currency is selling at $19,469 after a modest gain of 0.02% over the past 24 hours. This upward movement by the LEED cryptocurrency has prompted the entire market to trade in the green.
Bitcoin Price Near $24k?
Among many experts putting out their opinions, one of the well-known market analysts, Michael van de Poppe, claims that if BTC maintains its price action above $19,000 or manages to reclaim the $19.3k level, the currency will see some positive price movements.
As Bitcoin is now trading above $19.4k, the analyst prediction may come true.
Meanwhile, another analyst- Josh Rager- claims his bullish stance towards Bitcoin and says BTC will move north and hit a target of $21k or even higher at $24k.
Even a report by analytical firm Sentient suggests that while the S&P 500 is down 2.4%, Bitcoin and Ethereum are holding their positions in contrast to stocks. This is positive news for the non-correlation segment industry.
