Bitcoin has rallied to a new yearly trading high over the weekend, with the number one cryptocurrency rallying towards the $13,360 level. Bitcoin also managed to perform its strongest weekly price since January 2018, setting the tone for further upside this week. Traders that are bullish towards the BTCUSD pair this week may be targeting the $14,500 area before a meaningful correction occurs.
The BTCUSD pair is only bullish while trading above the $12,500 level, key resistance is found at the $13,360 and the $14,000 levels.
If the BTCUSD pair trades below the $12,500 level, sellers may test the $11,800 and $11,580 levels.
