Breaking: Bitcoin surges $13,000 – next bullish levels to watch as BTC/USD seems unstoppable (fxstreet.com)
BTC/USD has broken above $13,000 – already up some 11% on the day – and at the highest in over a year. At the time of writing, Bitcoin has reached a high of $13,296 and momentum looks robust.

The next levels to watch are $13,440, $15,530, and $17,160 before the all-time high just below $20,000.

All these lines of resistance either served as support or resistance lines back in the autumn of 2017 when Bitcoin prices were surging and in early 2018 when cryptocurrencies suffered a downfall.

The Relative Strength Index on the weekly chart is above 70 – reflecting overbought conditions – and implying a correction before the next move higher. Here is how the move and the next levels look on the Bitcoin weekly chart:



BTC_USD%20(7)-636971634017718969.png


Here are additional targets as presented by Tomas Salles's latest analysis:
Above the current price, the first resistance level is at $14,000 (price congestion resistance), then the second at $17,090 (price congestion resistance) and the third one at $19,800 (historic high close). Above this price level, the BTC/USD pair will go up freely.
    • 1
    Francisco Gimeno - BC Analyst After reading this article BTC went down a lot and up again, today 29th June at 11798. So it reached a ceiling and now is crawling again up. It is again not very easy to analyse crypto prices with the normal tools, as the market is fairly small, and the volatility very high. Take care, it is hot outside now!