Our previous Bitcoin analysis (linked below) stated that the primary trend is bullish and should resume if the prices exceed the $100,000 mark. That forecast came into play, and as a result, the BTC/USD uptrend resumed.
As of this writing, Bitcoin trades at approximately $102.680. The immediate resistance rests at the 100K mark. The market outlook remains strong and bullish as long as prices hover above this level.
- Next good read: Litecoin Bulls Eye $150 as 50-SMA Holds Strong
In this scenario, the next bullish target could be $105,000, followed by $110,000.
