Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows

MARKET_WATCH Crypto

Bitcoin retains $17,200 after an overnight squeeze takes BTC price action to within reach of one-month highs. 

 

Bitcoin attempts new monthly high

 

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility once more after hitting $17,300 on Bitstamp.

The pair had begun by taking liquidity at the Dec. 8 Wall Street open, this snowballing to see it challenge one-month highs from Dec. 5.

For those already betting on upward continuation, the move came as little surprise, with the coast still clear to add to the gains.

 

“The move to 18-19k $BTC continues,” popular trader Credible Crypto summarized.

A previous tweet from Dec. 7 explained the rationale, with invalidation set at $16,000 support.

“Lows cleaned up and as if on cue Binance apes showing up to support the mid 16k’s,” part of accompanying comments read:

“Maybe one more push into 16.4-16.5k and then expecting a reversal back up and continuation to 18-19k targets.”

 

Fellow trader Cheds, meanwhile, eyed potential continuation of volatility, with BTC/USD tagging its upper Bollinger Band on 4-hour timeframes.

At the time of writing, 4-hour candles remained near the upper band, with both still expanding in a classic prelude to increased volatility.

 

Source : [Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows](cointelegraph.com/news/bitcoin-price-targets-stretch-to-19k-as-btc-jumps-4-from-daily-lows) by Cointelegraph By William Suberg - December 09, 2022

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.