First Mover: Bitcoin’s Failure to Break $20K Shows Big Investors Only Just Arriving

Bitcoin was lower, retreating after rallying over the past 24 hours to a new all-time-high price of $19,920, based on CoinDesk’s Bitcoin Price Index

Cryptocurrency analysts predicted bullish traders might next target the $20,000 threshold, though the market could struggle to break through if large potential holders choose to take profits at that level. 

The “resistance into $20,000 could be more psychological than anything else,” said Denis Vinokourov, head of research at the…


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