Steering clear of the first major support level at $11,850, Bitcoin rallied to a Saturday intraweek high $14,055.0.
Bitcoin broke through the first major resistance level at $13,791 to visit $14,000 levels for the first time since January 2018.
A bearish end to the week, however, saw Bitcoin fall back to sub-$14,000 levels.
The pullback also saw Bitcoin fall back through the first major resistance level at $13,791.
5 days in the green that included a 4.34% rally on Tuesday delivered the upside for the week.
For the week ahead
Bitcoin would need to avoid a fall through $13,531 pivot to support a run the first major resistance level at $14,280.
Support from the broader market would be needed for Bitcoin to break out from last week’s high $14,055.0.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Bitcoin could test resistance at $15,000 before any pullback. The second major resistance level sits at $14,805.
Failure to avoid a fall through the $13,531 pivot would bring the first major support level at $13,006 into play.
Barring an extended sell-off, however, Bitcoin should steer clear of sub-$13,000 support levels. The second major support level sits at $12,257.
At the time of writing, Bitcoin was down by 0.59% to $13,675.0. A mixed start to the week on Monday saw Bitcoin rise to an early Monday morning high $13,836.0 before falling to a low $13,645.0.
Bitcoin left the major support and resistance levels untested at the start of the week.