How Does The Bitcoin Price Rocket To $22K

Bitcoin gained pace and even spiked above the $22,000 resistance against the US Dollar. BTC is correcting gains, but dips might be limited below $21,500.

Bitcoin was able to clear the $21,200 and $21,500 resistance levels.
The price is now trading above $21,500 and the 100 hourly simple moving average.
There is a key bullish trend lien forming with support near $21,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is correcting gains, but dips might be limited below the $21,500 level.

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https://www.newsbtc.com/analysis/btc/bitcoin-price-rockets-to-22k/