Bitcoin has recovered back towards the $13,200 level after briefly dipping towards the $12,780 area during yesterday’s US session. Technical analysis point to a potential rally towards the $13,900 resistance zone if the current yearly high, around $13,360, is overcome. Traders should closely note that the $13,900 is the 2019 trading high, and the next key breakout point for BTCUSD.
The BTCUSD pair is only bullish while trading above the $12,900 level, key resistance is found at the $13,360 and the $13,900 levels.
If the BTCUSD pair trades below the $12,900 level, sellers may test the $12,200 and $11,900 levels.
