Bitcoin price went through a pre-Christmas rally, with prices vaulting the $7,500 level. BTC also saw a collection of factors that suggest 2020 may start on a bullish note.

Bitcoin Price Avoided Crash to $5,000, For Now

BTC, previously expecting to lag around $6,500 and slide further in early 2020, saw a relief rally late on Sunday, which erased the previous losses. Bitcoin price climbed to a high of $7,518.03, and continued on an upward trajectory on Monday.

Bitcoin now faces a new resistance at $7,800, with the potential to reclaim $8,000, predicts CryptoMichael.

In the coming days, he sees BTC move within its range of support and resistance. The climb may not be continuous,…

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