BTCUSD Breaking higher
Bitcoin has started to break higher as the bullish fundamentals towards the pioneer cryptocurrency continue to attract strong buying interest. The technical analysis highlights that the BTCUSD pair has a strong short-term bullish bias while price trades above the $11,580 level. Continued gains above the former weekly price high, around the $11,700 level could see the BTCUSD pair surging towards the $12,500 level.
The BTCUSD pair is only bullish while trading above the $11,400 level, key resistance is found at the $12,500 and the $13,000 levels.
If the BTCUSD pair trades below the $11,400 level, sellers may test the $11,200 and $10,800 levels.