From NewsBTC.com….
Bitcoin’s price is now trading firmly above $16,000. This marks a notable technical breakout that could indicate significantly further upside is imminent in the near-term.
This level has long been holding strong as resistance, with the selling pressure here catalyzing multiple potent rejections throughout the past few days and weeks. If buyers can flip this level into support, it could open the gates for significantly further upside.
It does appear that this level is becoming support for the cryptocurrency, as buyers are growing aggressive each time the price drifts back towards this level.
