Bitcoin eyes $21.4K zone as analyst predicts BTC price will chase gold

Bitcoin eyes $21.4K zone as analyst predicts BTC price will chase gold

Bitcoin (BTC) rose toward new multi-month highs on Jan. 20 as analysis predicted a new trading range above $18,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin price range “well defined”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but preserving support at $21,000.

The pair edged higher at the Wall Street open, in line with United States equities as the third trading week of an explosive January drew to an end.

Despite misgivings over the…


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