Bitcoin Faces Key Decision Above $20,700, Will Price Rally To $21,500?

BTC’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $21,500. BTC faces a major decision test to trend higher above $21,000 after the price broke out of its downtrend descending triangle price movement. BTC’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Bitcoin (BTC) has continued to hold strong as price trends toward the region of $21,000 as price faces a key decision ahead of a big move considering how tough breaking these regions has been for Bitcoin (BTC) price for some time now. The past few days have seen the crypto market has looked more decent, with the likes of Bitcoin (BTC) and Ethereum (ETH) showing some great price movement in recent times. With Bitcoin price rallying from $19,000 to a region of $20,800. (Data from Binance) Related Reading: Ethereum Price Holds Strong at $1,500: A Strengthening Case for Upside Bitcoin (BTC) Price Analysis On The Weekly Chart. Bitcoin has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of BTC hasn’t enjoyed a measure of relief after showing so much strength on the weekly chart rallying from a low of $$18,500 to a high of $25,000 before facing rejection from that region. After having BTC’s price trade in a range for weeks as the price cont...