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.
