Bitcoin might continue going up important levels to watch

The price of Bitcoin has been pumping after the successful retest of 18.5k support which caused pumps on many Altcoins.

The Bitcoin price also broke the 2 months old trendline, the price data suggest it will continue going up after a slight pullback to $19.5. However, Bitcoin has to hold 18.5k for the continuation.

Right now the price of Bitcoin is at resistance area of 20.8k - 21k which needs to be broken in order for the price to retest the next resistance of 22.5k. The Price Action also suggests that Bitcoin price is in a parallel channel if I am correct the target is going to be 24k - 25K for this move. We can expect a pullback towards 19.5k if price doesn't hold the current levels.

All the important levels are marked on the chart.

Enjoy Trading.

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