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

Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

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.”

BTC/USD annotated chart. Source: Credible Crypto/ Twitter

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

Read more at cointelegraph.com

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