As we expected, after the Bitcoin price got steady at $16K, it continued to grow. Despite a slight correction mid-week, the rate went up again and today is over $18.6K.
Perhaps, the growth will continue and soon Bitcoin will reach $20K. But the technical scene, particularly the divergence which is clearly visible on the rsi indicator, gives grounds for a new correction in the near future.
Our price analysis is for information purposes only. Please make the Bitcoin purchase and investment decisions independently at your own risk.