Bitcoin price has again registered an uptick in the last 24 hours. In that timeframe, the coin has surged by 3%. This has also helped other major altcoins turn green at press time.
In the past week, BTC has rallied almost 8%. If the bulls keep pushing, then claiming the $21,000 mark would not be a difficult move for the Bitcoin price.
The technical outlook has again turned towards the bulls. Buyers have taken control of the price in the market. Demand has also gone up for the asset.
The chance of a price pullback cannot be ruled out completely. The coin has to barrel past its overhead resistance in order to touch the $21,000 price mark.
Even if the coin revisits the $21,000 level, it is important that BTC trades above that level for a long enough time in order for the bulls to stick around, leading to a wider trend change.
There could be difficult resistance for the Bitcoin price at $20,800. Clearing that level can help the coin ..
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