Here’s Why Bitcoin Is Primed to Move Towards $13,000

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Bitcoin is surging higher after holding in the high-$11,000s for a number of days. As of this article’s writing, the leading cryptocurrency trades for $12,150. Although this is not much higher than the breakout zone at $12,000, analysts are optimistic about what’s next for the market. This rally was predicated on a surge of spot market volume, adding fuel to the case for upside. BTC is expected to move to $13,000 next, which is around where the next level of macro resistance lies. Bitcoin’s ongoing rally seems to be influenced by a similar move higher in the value of gold. Bitcoin Is Primed to Move Even Higher Than It Has Bitcoin is primed to move even higher after breaching the pivotal $12,000 resistance, according to analysts. This is due to how important $12,000 has been to BTC’s price trajectory over recent weeks, acting as a rejection point for three separate…

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