{"id":22149,"date":"2020-01-31T08:30:00","date_gmt":"2020-01-31T07:30:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=22149"},"modified":"2020-01-31T08:30:00","modified_gmt":"2020-01-31T07:30:00","slug":"bitcoin-btc-price-analysis-bulls-retesting-a-key-resistance-level-at-9500","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-btc-price-analysis-bulls-retesting-a-key-resistance-level-at-9500\/","title":{"rendered":"Bitcoin [BTC] Price Analysis: Bulls Retesting a Key Resistance Level at $9,500"},"content":{"rendered":"
The market is upbeat thanks mostly to Bitcoin\u2019s impressive gains in January. Month-to-date, BTC price<\/a> is up 30%<\/strong>, and this can be attributed to several reasons.<\/p>\n <\/p>\n First, the coin being the most valuable and a digital asset from where several derivative products has been created from is widely traded and therefore well analyzed and traded.<\/p>\n Unlike most altcoins, BTC has deep liquidity and is endorsed by leading regulators amongst them the US SEC whose officials have in several occasions said its underlying network is well diversified and therefore satisfactorily decentralized, operating as designed.<\/p>\nUnparalleled Liquidity<\/strong><\/h2>\n
Approval of a Bitcoin ETF in 2020 will be instrumental for BTC Bulls<\/strong><\/h2>\n