The bitcoin price has surged to a new 2019 high once again at $11,381 less than 24 hours after climbing to $11,200 on June 24.
The bitcoin price has increased from $9,200 to $11,381 in the past week, up 4 percent on the day (source: coinmarketcap.com)
Analysts like Fundstrat’s Thomas Lee, RT host Max Keiser, and technical analyst Peter Brandt foresee the bitcoin price reclaiming its all-time high at $20,000 in the near term as the dominant crypto asset continues to see its momentum strengthened.
Where is the ceiling for bitcoin?
According to David Puell, the Head of Research at Adaptive Fund, strong resistance for bitcoin can be found at the $13,800 to $13,900 range.
There exists a possibility that the asset may consolidate as it reaches that range considering the lack of resistance between the current level to the $13,900 mark.