Market Overview

As Bitcoin Again Surpasses $19K, Analysts Eye $20K-Level

As Bitcoin Again Surpasses $19K, Analysts Eye $20K-Level

Bitcoin is going again, reaching $19,000 for the first time since Dec. 7.

What Happened: Bitcoin has surpassed the $19,000 mark after it went down on Dec. 7 and bottomed at $17,600 on Dec. 11.

It was trading at $19,137.25 as of Sunday morning, Eastern Standard Time, according to data platform CoinMarketCap. That was a gain of 4.17% over the previous 24 hours.

This is leading some followers to claim it has surpassed a key resistance mark and will go upwards from there. 

Why It Matters: Analysts have been weighing in about the bottom and the future of the leading cryptocurrency.

Edward Morra, a technical analyst quoted by leading crypto publication Cointelegraph, believes $17,600 is the bottom, based on heatmaps and the number of orders.

As for future prices, crypto enthusiasts have mainly remained optimistic. A widely followed, anonymous crypto follower who goes by the handle Beastlorion thinks a “big pump” is coming.

A CTO at blockchain market analytics company Glassnode predicts the Bitcoin price might increase 10 times over and reach $240,000.

Overall, the crypto market has been in the green, with leading altcoins Ethereum, XRP and Litecoin also gaining 
4.92%, 3.43%, and 7.02%, respectively, as of Sunday morning.
The current capitalization of the entire crytocurrency market is $561,422,009,094.


Related Articles (GBTC)

View Comments and Join the Discussion!

Posted-In: Bitcoin bitcoin price Etherium LitecoinCryptocurrency News Markets Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at