Bitcoin has rallied to yet another 2020 trading high, with the pioneer cryptocurrency breaking past the $13,360 resistance level. Technical analysis shows that the bulls may target either the $13,900 or $14,000 area as the ongoing breakout move shows few signs of stopping. Traders that are bullish towards the BTCUSD pair may consider buying any technical pullbacks towards the $13,000 level.
The BTCUSD pair is only bullish while trading above the $12,700 level, key resistance is found at the $13,900 and the $14,000 levels.
If the BTCUSD pair trades below the $12,700 level, sellers may test the $12,200 and $11,900 levels.
