Why traders say $13,875 will be the next ‘logical’ Bitcoin price resistance

The price of Bitcoin (BTC) has surpassed $13,745 and is now en-route to the next major resistance level. Traders have suggested that $13,875 is the nex key short-term area for BTC for two major reasons.

First, Bitcoin peaked at $13,970 on Jun. 26, 2019. Technically, the previous peak achieved more than a year ago still serves as an important area for sellers.

Second, technical analysts say that the weekly candle chart of Bitcoin shows $13,875 as the next “logical resistance.”

The major…


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