Bitcoin’s attempt to surge above $19,600 was unsuccessful but luckily remains above $19,000

Bitcoin attempted to surpass the psychological level of $19,600 and mark a new All-Time High but immediately rejected and retraced at $19,000.

Last few days the primary cryptocurrency seems to struggle above $19,400 trying to approach $19,700 resistance level but till now it has been rejected multiple times.

Bitcoin recovered all the losses from the huge massacre that suddenly happened earlier this week, with the King of Coins marking significant gains above $19K, topping at $19,660 which was also the new All-Time High. However, the asset is struggling to break above $20,000 but bears denied the attempt more than once.

The largest cryptocurrency of all, lost significant value on Tuesday, dropping at $18,100 with analysts predict another new loss. Nevertheless, BTC started gaining ground slowly slowly, leading the price at $19,000 before it jumps at $19,400.

In any case, analysts state that the King of Coins will have a chance to reach at $20,000 only of it manage to surpass the resistance line of $19,700. If that happens, then the next resistance level will be at $20,350!

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