Bitcoin Rally Seemingly Unstoppable, Revisits Recent High Around $16K

[Jentot]

Bitcoin Rally Seemingly Unstoppable, Revisits Recent High Around $16K

Bitcoin price continues to be propelled higher from aggressive dip buyers looking to ride the new bull market beyond $20K. But first, the cryptocurrency has to get through just under $16K where it was stopped in its tracks just days ago.

Today, the cryptocurrency is back at the key level and making its third attempt at breaking upward out of what appears to be a bullish ascending triangle pattern. Will the cryptocurrency make it beyond $16K and revisit its previous all-time high?After Bitcoin price took out $13,800, in a flash it soared another $2,000 to nearly $16K where it was held from advancing further.

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