Bitcoin Facing Resistance at $21,470, Could Reach $25,068 If Broken

• Bitcoin price is currently trading at $21,191 and is facing resistance at $21,470.
• If buyers manage to break the resistance level, Bitcoin will resume its current uptrend and reach peaks of $22,794 and $25,068.
• On the other hand, if the resistance zone rejects Bitcoin, it will fall above the $18,391 breakout level.

The Bitcoin market is currently trading in a tight range as the current uptrend remains stationary. As of this writing, the price of one Bitcoin is $21,191. This is just below the $21,470 resistance level which has kept the current uptrend stationary. Bitcoin is currently facing strong resistance at this level and if buyers manage to break it, the cryptocurrency will resume its current uptrend.

The bullish momentum in the Bitcoin market has been strong as the price of the cryptocurrency rose sharply over the past few weeks. This has caused the market to become overbought, leading to the current retest of the $21,470 historical price level of November 5. If the resistance is broken and the uptrend continues, the price of Bitcoin could reach peaks of $22,794 and $25,068.

On the other hand, if the resistance zone rejects Bitcoin, it will fall back above the $18,391 breakout level. This could lead to a pullback in the market as traders take profits and the price of the cryptocurrency corrects itself. Furthermore, if the bearish momentum persists, the price of Bitcoin could drop to the support levels of $25,000, $20,000, and $15,000.

Overall, it is important for traders to remain vigilant and wait for the resistance zone to be broken before entering the market. If it does, the bullish momentum will resume and the price of Bitcoin could reach new highs. However, if the resistance holds, the market could experience a pullback as traders take profits and the price of the cryptocurrency corrects itself.