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Bitcoin holds above $21,300 as the crypto market cap nears $1 trillion

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Bitcoin holds above $21,300 as the crypto market cap nears $1 trillion Bitcoin BTC Bitcoinprice

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Data from TradingView shows that Bitcoin’s price continued on its upward trend that began last week, albeit at a slower pace, hitting an intraday high of $21,605 before pulling back to support near $21,300, where it now trades.The continued uptrend for Bitcoin has pushed the top crypto to a four-month high, according to Kitco senior technical analyst Jim Wyckoff.

“This has caused a short squeeze and subsequent strength in BTC, resulting in a recovery to pre-November price levels and pushing the RSI to multi-year highs, a potent signal of changing momentum,” the analysts wrote.

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