[ad_1]
Avoiding the first major support level at $ 13,006, Bitcoin reached an intraweek high on Friday at $ 15,888.0.
Bitcoin broke through the first major resistance level at $ 14,280 and the second major resistance level at $ 14.805.
Falling below the $ 16,000 levels, Bitcoin returned to sub-$ 14,500 levels on Saturday ahead of a bullish end of the week.
A recovery on Sunday saw Bitcoin break through the second major resistance level to end the week at $ 15,500.
5 days in the green that included a 10.03% rally on Friday and a 4.41% rally on Sunday provided the upside for the week. A drop of 4.67% on Saturday, however, limited the week’s upside somewhat.
For the next week
Bitcoin should avoid a fall across the $ 14,865 pivot to support a run at the first major resistance level at $ 16,523.
Support from broader market would be needed for Bitcoin to break out of last week’s high of $ 15,888.0.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another breakout, Bitcoin could test resistance at $ 17,000 before any pullback. The second major resistance level is found at $ 17.546.
Failure to avoid a fall through the $ 14,865 pivot would bring the first major support level at $ 13,842 into play.
Barring a prolonged sell-off, however, Bitcoin should avoid support levels below $ 13,500. The second major support level is found at $ 12,184.
At the time of writing, Bitcoin was up 0.11% to $ 15,517.0. A mixed start to the week saw Bitcoin drop to a Monday morning low of $ 15,424.0 before hitting a high of $ 15,608.0.
Bitcoin left the major support and resistance levels untested earlier in the week.
