Bitcoin Tests $21,470 Resistance: Can It Keep the Bullish Momentum?

• Bitcoin is currently trading around the $21,000 resistance area, as the current uptrend remains stationary.
• If buyers manage to keep the price above the $21,000 resistance, the current uptrend will resume.
• If the resistance level of $21,470 is broken, Bitcoin will resume its current uptrend, reaching peaks of $22,794 and $25,068.

The crypto market has been buzzing over the past few weeks due to the bullish momentum of Bitcoin. After a brief dip, Bitcoin is back on a bullish run, climbing above the $21,000 level. The current uptrend of the market leader has been remarkable, as it is maintaining its bullish stance despite a few minor retracements.

At the time of writing, the price of one Bitcoin is $21,191. With a market cap of $408,159,806,317 and a circulating supply of 19,263,625 BTC, Bitcoin remains the most valuable digital asset by far. The resistance levels for Bitcoin are set at $50,000, $55,000 and $60,000 while the support levels are set at $25,000, $20,000 and $15,000.

The current market price of Bitcoin is testing the $21,470 historical price level of November 5. If the resistance zone is broken, Bitcoin will resume its current uptrend and reach peaks of $22,794 and $25,068. On the other hand, if the resistance zone rejects Bitcoin, it will fall back to the $18,391 breakout level.

In conclusion, the current market price of Bitcoin is testing the $21,470 historical price level of November 5. If buyers manage to keep the price above the $21,000 resistance, the current uptrend of the cryptocurrency will resume. If the resistance level of $21,470 is broken, Bitcoin will reach peaks of $22,794 and $25,068. In contrast, if the resistance zone rejects Bitcoin, it will fall back to the $18,391 breakout level.