Bitcoin Price Heading For Potential Upside, Could Hit $20K Resistance

• Bitcoin price is predicted to stabilize above the $19,000 resistance.
• BTC could possibly hit the $20,000 resistance if the bulls increase the effort.
• If the Bitcoin price fails to move, it could potentially drop to the lower boundary of the channel and reach support levels at $17,500, $15,500, and $13,500.

Bitcoin is currently trading at $19,264 as the coin is preparing for a potential upward movement. The Bitcoin price is heading towards the upside and if the bulls increase their effort, it is likely to cross above the upper boundary of the channel at $19,129.72. This could be a sign of sustainability and may lead to a bullish continuation.

The Bitcoin prediction shows that the coin could possibly hit the $20,000 resistance if the bulls put in more effort. If the Bitcoin price succeeds in moving up, the potential resistance levels would be at $21,000, $23,000, and $25,000. On the other hand, if the Bitcoin price fails to move, traders could see a price cut towards the lower boundary of the channel. A further low could bring the price to the support levels at $17,500, $15,500, and $13,500.

The Bitcoin market cap is around $371.6 billion and the circulating supply is 19.2 million. BTC is ranked number one on Coinmarketcap and is continuing to show signs of bullishness. Investors are advised to keep an eye on the market and watch out for any potential changes in the Bitcoin price.