✅Bitcoin [BTC] Price Analysis (06/11/2020) 📈

At the time of writing, the Bitcoin price is changing hands above $15,750. Up 16 percent against the greenback, buyers are in control.

Accompanying the spike in BTC prices are rising trading volumes, up 48 percent in the last 24 hours.

From the daily chart, the path of least resistance has been set and bulls are in control.

Candlesticks are gravitating towards the upper BB hinting of strong underlying momentum sparked by increasing trading volumes as aforementioned.

Noteworthy in the midst of this rally is the breakout above $13,800 or June 2019 highs.

With the Bitcoin price trending at over $15,000 and the breakout volumes above average, it is likely that the Bitcoin price would continue ripping higher as bulls aim at $20,000, a retest of late 2017 highs.

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