What are the next critical resistance levels for Bitcoin?

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Bitcoin's Next Critical Resistance Levels Identified as US$12,000 and US$15,000

Bitcoin has surpassed US$11,000, reaching a near 16-month high, driven by renewed mainstream interest in cryptocurrencies, significantly influenced by Facebook's announcement of its digital currency, Libra. Analysts point to US$12,000 and US$15,000 as the subsequent key resistance points for the digital asset.
Factors Driving Bitcoin's Resurgence

The cryptocurrency's strong upward movement is largely attributed to the increased mainstream attention and the underlying technology. Projects like Facebook's Libra, which is slated for launch next year with support from major companies and a basket of real-world currencies, have provided substantial momentum to the cryptocurrency market. This renewed interest is a primary driver behind Bitcoin's recent gains, pushing it above the US$10,000 mark for the first time since March of the previous year.
Identification of Key Resistance Levels

Market analysts have pinpointed specific price points that Bitcoin will need to overcome to continue its ascent. According to OANDA senior market analyst Edward Moya, the next two critical resistance levels to watch are US$12,000 and US$15,000. Successfully breaking through these levels would indicate further positive momentum for the cryptocurrency.
Bitcoin's Performance and Historical Context

While Bitcoin has experienced a notable surge, rising approximately 20 per cent within the current month, it remains significantly below its all-time highs. The cryptocurrency reached peak values close to US$20,000 towards the end of 2017. Despite this, the current performance signifies a substantial recovery and growing investor confidence in the digital asset space.

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What are the next critical resistance levels for Bitcoin?

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