Bitcoin reclaims the lost ground having gains of $1,700 leading the price over $19,000

The King of Coins is back again at $19,000 as it successfully managed to regain the lost ground soaring $1,700 in less than 48 hours

It was just 2 days ago that the total Market Cap lost almost $20 Billion as the world’s largest cryptocurrency reached its lowest price level at $17,600 since November. However 48 hours were enough for Bitcoin to surpass $19,000 and bring the hopes back for a new All-Time High record by the end of 2020. Following BTC, the rest alternative coins remain in the green zone while XRP seems to be the only asset that keeps losing parts of its value.

Is Bitcoin ready for $20,000?

Last 15 days the price of Bitcoin seems unable to find peace over $19,000 having many Ups and Downs. Last Friday, the coin was trading around $19,000 and dropped at $17,600 in less than 24 hours leaving speechless the whole industry with analysts state that the primary cryptocurrency will not make it to a new record unless it has a quick answer to the massive drops.

Conclusion

Bitcoin broke the previous resistance lines of $18,500 and $18,800 and even won the psychological $19,000 level (at the time of writing these lines) increasing the chances for a new record by the end of 2020. If it keeps performing above $19K we might see the new record coming earlier than the experts believe.

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