Bitcoin gained pace and cleared the $19,500 resistance against the US Dollar.The bitcoin price is now trading above the $20,000 level and the 100 hourly simple moving average.The next key resistance is near the $20,920 zone.
A clear move above the $20,920 resistance zone could push the price further higher. In the stated case, the price could rise towards the $21,500 level. The next major resistance sits near the $22,200 level.
Bitcoin is currently trading at $20,235.
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