Robinhood Crypto App - Bitcoin: Where Is BTC Headed In 2020? (December 2019)

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Bitcoin: Where Is BTC Headed In 2020? (December 2019)

This is going to be a very important year for Bitcoin (BTC) and our analysis on BTC/USD today would be one of the most important for the entire year. We have once again seen a major pump in the price of Bitcoin (BTC) but I have reasons to believe that this is nothing more than a smokescreen and a distraction from what is about to come next. The reason we have seen this move in BTC/USD is largely because of a critical move in the EUR/USD forex pair. We have seen the pair decline below the 200-day moving average. Although it may take a whole to close a daily candle below it, the fact is that it has made the big players in this market fearful and the price action shows that they are cashing out.

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