Bitcoin: Analysts believe that a new price “pump” will happen for the primary cryptocurrency during the week

Bitcoin remains stagnant above $19,000 for the last few days, with analysts claiming that this could probably lead to a new bullish rally on the road to $20,000.

The Last 10 days have been weird for the price of Bitcoin, with the King of Coins moving up and down like a rollercoaster. However the price has been stabilized above $19,000 something that could be positive for its next move.

As Experts are watching the market since 1st of December, they still believe that the primary cryptocurrency will break the $20,000 mark by the end of this year, even if there are already many unsuccessful attempts to make it.

At the time of writing these lines, the largest asset of all is trading around $19,200 and topped just under $19,400 which signals the highest weekly close ever. Investors and traders are still hopeful, considering this stabilization as a “Calm before the storm”. The next 20 days are crucial for the Blockchain industry with Bulls seem to ensuring the trading market that everything is under control!

The Cryptocurrency industry states that if Bitcoin manages somehow to surpass the $19,500 mark, then there are many possibilities to see the price at $20,000 before 25th of December, otherwise we might see BTC retracing below $18,500.

Conclusion

Bulls have already proven in the past to be stronger than Bears which encourages the Cryptocurrency fans to believe that a new record of All-Time High will come sooner than expected as a Christmas gift to the community!

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