Bitcoin Price Surges Above $22,000 But Will The Momentum Last?

Bitcoin price displayed strength over the last four days as it finally broke past the $19,000 price zone. Bitcoin price was consolidating over the past week before this rally. At the moment, the $18,000 price level is acting as strong support for the coin. Even though the Bitcoin price has stabilized, the $18,000-$19,000 price range remains critical. If the cryptocurrency fails to trade above its present level and falls near $18,000, its next trading zone will be at $15,000. Buyers seem to have returned to the market owing to the relief rally. Technical indicators have also painted a bullish picture for Bitcoin on the daily chart. Demand for Bitcoin has to remain constant in order for the coin to stay optimistic on its daily chart. The coin could go to $24,000. However, that price level may prove to be a strong barrier for Bitcoin. That could in turn push the price of Bitcoin to its closest support line. If Bitcoin manages to hold above $22,000, there are chances that it could trade close to $24,000. Bitcoin Price Analysis: One Day Chart BTC was trading at $22,100 at the time of writing. However, there has been a relief rally in recent days after a period of consolidation. The immediate resistance for the coin stood at $24,000, but the aforementioned level could prove to be a strong resistance mark for Bitcoin. Local support for the coin was at $19,000 and then at $18,000. If Bitcoin reaches $18,000, it is possible that it wil...