Bitcoin’s steady climb has continued in the last week and saw a brief visit above $25k for the first time since June.

Bitcoin’s steady climb has continued in the last week and saw a brief visit above $25k for the first time since June.

While BTC still sees higher highs, bitcoin has traded in a tight range oscillating around $24k this week, possibly suggesting that momentum is weakening.

Bitcoin has found support in the higher $23k area, trading in a tight range between ~$23.8k-$25k.

Bitcoin’s nearest resistance level sits at the May capitulation levels in the $25k area. A breakout above this level could see us move towards the $27k-$28k level.