{"id":37266,"date":"2020-02-01T04:45:08","date_gmt":"2020-02-01T09:45:08","guid":{"rendered":"https:\/\/www.opensource.im\/uncategorized\/heres-what-to-watch-after-bitcoins-breakout-forbes.php"},"modified":"2020-02-01T04:45:08","modified_gmt":"2020-02-01T09:45:08","slug":"heres-what-to-watch-after-bitcoins-breakout-forbes","status":"publish","type":"post","link":"https:\/\/euvolution.com\/open-source-convergence\/bitcoin\/heres-what-to-watch-after-bitcoins-breakout-forbes.php","title":{"rendered":"Heres What To Watch After Bitcoins Breakout &#8211; Forbes"},"content":{"rendered":"<p><p>(Photo by INA FASSBENDER \/ AFP) (Photo by INA FASSBENDER\/AFP via Getty Images)<\/p>\n<p>One month ago, I showed how Bitcoin had been trading in a channel pattern for nearly seven months as it lost half its value. I said that If Bitcoin can stage a convincing, high-volume breakout above this channel in 2020, further gains are likely. Since then, Bitcoin has broken out of its channel and is now approaching the key psychological level of $10,000 once again. Convincing, high-volume pushes above the key levels of $10,000, $11,000, $12,000, $13,000, and $14,000 are necessary to confirm the continuation of the cryptocurrencys bullish move.<\/p>\n<p>Bitcoin Daily Chart<\/p>\n<p>The weekly chart makes it easier to visualize Bitcoins channel pattern and recent breakout. If Bitcoin can clear the technical congestion from $9,400 to $14,000, it should open up the opportunity to gun for its late-2017 highs once again.<\/p>\n<p>Bitcoin Weekly Chart<\/p>\n<p>For now, investors and traders should monitor Bitcoins price action and volume as it attempts to push past its overhead resistance\/congestion area.<\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Here is the original post:<br \/>\n<a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/jessecolombo\/2020\/01\/31\/heres-what-to-watch-after-bitcoins-breakout\/\" title=\"Heres What To Watch After Bitcoins Breakout - Forbes\" rel=\"noopener noreferrer\">Heres What To Watch After Bitcoins Breakout - Forbes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> (Photo by INA FASSBENDER \/ AFP) (Photo by INA FASSBENDER\/AFP via Getty Images) One month ago, I showed how Bitcoin had been trading in a channel pattern for nearly seven months as it lost half its value. I said that If Bitcoin can stage a convincing, high-volume breakout above this channel in 2020, further gains are likely<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24697],"tags":[],"class_list":["post-37266","post","type-post","status-publish","format-standard","hentry","category-bitcoin"],"_links":{"self":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/37266"}],"collection":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/comments?post=37266"}],"version-history":[{"count":0,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/37266\/revisions"}],"wp:attachment":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/media?parent=37266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/categories?post=37266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/tags?post=37266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}