Bitcoin price hits $18K but traders expect ‘shallow’ pullback before new high

Bitcoin (BTC) just set another 2020 high by rallying above $18,000 for the first time in three years.

On Nov. 17 BTC price rallied to $17,858 after a high volume surge pushed the price cleanly through the $17,100 to $17,300 range that many analysts believed would be a strong resistance level.

According to Decentrader co-founder, filbfilb, Bitcoin price could continue to march higher in the short-term if key underlying supports hold.

BTC/USD daily chart. Source: TradingView

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