This weekend has been nothing short of monumental for Bitcoin. Over the past two days the king of crypto has surged almost 15 percent to its highest price for 15 months. The big question now is will it carry on brushing resistance aside or is a pullback imminent?<\/p>\n
Over the past 24 hours Bitcoin reached the giddy heights of $11,250, its highest price since March 2018. Market dominance is close to 60 percent as the altcoins remain frozen over, many still down over 80 percent from their peaks. Daily volume topped out at $30 billion as BTC market capitalization touched $200 billion, but has the wave of FOMO crashed onto the shore?<\/p>\n
As in previous pumps, traders and analysts have been scouring the charts looking for resistance zones where Bitcoin may possibly halt its epic run. $10k was a huge psychological barrier that was blown away within a couple of hours when BTC surged to $10,900 on Saturday<\/a>.<\/p>\n The next key resistance level is around $12k where BTC touched on its way down in early 2018. Trader \u2018CryptoFibonacci\u2019 has looked at the long term chart to ascertain if and where Bitcoin may take a breather.<\/p>\n \u201cPrice is getting to an area where one would suggest we take a breather. But, BTC has a mind of its own, so we shall see. If you have profits, I would suggest taking some off the table the closer we get to 11,500-11.800 area, IMO.\u201d<\/p><\/blockquote>\n $BTC<\/a> Weekly Chart.<\/p>\n Price is getting to an area where one would suggest we take a breather. But, BTC has a mind of its own, so we shall see. If you have profits, I would suggest taking some off the table the closer we get to 11,500-11.800 area, IMO.#BTC<\/a> pic.twitter.com\/Yvesi7UD47<\/a><\/p>\n — CryptoFibonacci (@CryptoFib) June 23, 2019<\/a><\/p><\/blockquote>\n\n