Another important failure for Bitcoin to break $19,600 psychological level as it was just a few dollars away from it

Bitcoin has already made tons of attempts in order to break the resistance line of $19,600 but still without any success. However, the price remains above $19,000

The struggle is real for the primary cryptocurrency as it is trying to win $19,600 mark but still without any success. Yesterday night, things were positive for BTC as it topped at $19,570 keeping the smallest distance that it ever had against $19,600 so far, with many experts claiming that it will finally make it.

Nevertheless, the King of Coins not only failed to surpass it but it also dropped over $500 leading the price at $19,000. However, Bitcoin immediately responded and jumped back at $19,300 where it currently sits (at the time of writing these lines).

Days are passing and we are already in the middle of December without news about $20,000 mark. Someone could say that Bitcoin will probably noy make it but things change so fast and that can be seen from last week’s price drops, where BTC lost more than $1,500 of its value with analysts being completely disappointed and sure that there will not be another All-Time high by the end of 2020.

However, the world’s largest Cryptocurrency proved the industry wrong as it managed to return at $19,000 zone during the weekend having gains of almost $2,000, leading the price all the way north at $19,500 where the happiness lasted only for a few minutes as BTC plunged below $19,200. In any case the coin still trades around $19,300 which is not that far from $19,600.

Conclusion

The experts are claiming that Bitcoin must secure $19,400 zone in order to have chances to break above $19,600. If it manage somehome to do it then the next resistance line will be at $19,920 before it break the new All-Time High record.

The rest Alternative coins, mimicked Bitcoin’s price movements as they usually do with Ethereum having an unsuccessful attempt to break above $600 before it retrace above $580 where it currently trades.

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