Bitcoin Holds Above Critical Support Level as Bulls Target $14,000

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Bitcoin has seen some further upside today despite the intense selloff seen in the stock market This confirms the narrative regarding it now being fully decoupled from traditional assets It has also been able to set new yearly highs this morning when it rallied towards $13,500 If it continues holding above its near-term resistance-turned-support at $13,200, the crypto could soon gain further momentum that leads it up towards $14,000 This is an intense resistance level that will likely slow Bitcoin’s ascent One analyst noted that he is watching for a decline down towards its liquidity at $13,000 before it rallies further Bitcoin is flashing some signs of intense strength today. While Ethereum and most other altcoins either consolidate or drift lower, BTC just set fresh 2020 highs as its bulls target a move towards $14,000. Ethereum has been underperforming Bitcoin as of late, but it also tends to lag a…

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