Bitcoin Price Prediction: BTC/USD Breaks Above the Crucial $12,000; Can it Go Higher?

A bullish breakout above this resistance level may likely spark a strong bullish rally in the coming trading sessions. More os, any further bullish movement may push the coin towards the resistance level of $12,800, $13,000, and $13,200 respectively.

However, if the buyers could strengthen the market more, they can further push the price to a $12,400 resistance level. Meanwhile, the RSI (14) is currently within the overbought zone, but any bearish movement may welcome the sellers back into the market which could drag the price back to the support level of $12,000 and below.

Timeline of Bitcoin