The price of Bitcoin has been pumping after the successful retest of 18.5k support which caused pumps on many Altcoins.
The Bitcoin price also broke the 2 months old trendline, the price data suggest it will continue going up after a slight pullback to $19.5. However, Bitcoin has to hold 18.5k for the continuation.
Right now the price of Bitcoin is at resistance area of 20.8k - 21K which needs to be broken in order for the price to retest the next resistance of 22.5k. The Price Action also suggests that Bitcoin price is in a parallel channel if I am correct the target is going to be 24k - 25K for this move. We can expect a pullback towards 19.5k if price doesn't hold the current levels.
All the important levels are marked on the chart.
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