Bitcoin Nears $15,000 As BTC Bulls Are Ready to Take on $14.9k Resistance

After breaking above $14,500, the price value of Bitcoin (BTC) is continuously going high breaking back to back crucial resistances. Just a while ago, the major digital currency has surged above $14,800 within the duration of no time by recording a price gain of more than 7.5 percent in 24 hours. Now, Bitcoin bulls are ready to take on the next resistance level.

The $15k breakout seems imminent now

Since this morning, the number one cryptocurrency is trading in bullish territory. First of all, Bitcoin broke above the key price level of $14,500 for the first time since January 2018. After this, it continued to rally higher and broke two other crucial historical resistances $14,600 and $14,700 respectively within the duration of just a few hours. Now, with a price gain of more than seven percent in 24 hours, the coin has been able to post another highest value by surpassing the $14.8k figure.

At the press time, Bitcoin’s price value is showing an increase of around 7.52% in 24 hours while trading at around $14,883. Bitcoin seems to have gained momentum for initiating a bull-run. Currently, BTC bulls are ready to take on the next resistance of $15.9k. And it is likely to break it within the time frame of the next few hours. Once this barrier is broken, the world’s largest digital currency in terms of market capitalization will be able to cross over $15,000.

The first week of November has already proved profitable for the major digital currency. According to a well-known cryptocurrency investor Willy Woo, November is one of the profitable months for Bitcoin (BTC).

On the other hand, the rising dominance of Bitcoin in the cryptocurrency market shows that the interest in Bitcoin is growing up due to which altcoins are seeing very little interest at the moment.

Key levels to watch for short-term

Once Bitcoin makes its way above $15k, it will face short-term resistances at around $15,200, $15,350, and $15,820, respectively. In the case of a price drop, Bitcoin can find support at $14,500 and $14,100 respectively. These are the key levels to watch for the short-term case scenario.