[ad_1]
It was a mixed start to the week. Bitcoin fell to a Monday intraweek low of $ 12,781.0 before making a move.
Avoiding the first major support level at $ 11,850, Bitcoin reached an intraweek high on Saturday at $ 14,055.0.
Bitcoin broke through the first major resistance level at $ 13,791 to visit the $ 14,000 levels for the first time since January 2018.
A bearish end of the week, however, saw Bitcoin return to levels below $ 14,000.
The pullback also saw Bitcoin fall back through the first major resistance level at $ 13,791.
5 days in green that included a 4.34% rally on Tuesday provided the upside for the week.
For the next week
Bitcoin should avoid a fall through the $ 13,531 pivot to support a run at the first major resistance level at $ 14,280.
Support from the broader market would be needed for Bitcoin to break out of last week’s high of $ 14,055.0.
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 $ 15,000 before any pullback. The second major resistance level is found at $ 14.805.
Failure to avoid a fall through the pivot of $ 13,531 would bring the first major support level at $ 13,006 into play.
Barring an extended sell-off, however, Bitcoin should avoid support levels below $ 13,000. The second major support level is found at $ 12,257.
At the time of writing, Bitcoin was down 0.59% to $ 13,675.0. A mixed week start on Monday saw Bitcoin rise to a Monday morning high of $ 13,836.0 before falling to a low of $ 13,645.0.
Bitcoin left the major support and resistance levels untested earlier in the week.
