Bitcoin Magazine Bitcoin Bulls Charge Past Resistance, Eye $131,000 Barrier

Wow, what a difference a week makes! Bitcoin started last week out just below resistance, then blasted right on through it, with some very strong buying pressure throughout the week. The bulls are back in control after taking out all short-term resistance levels. Bitcoin price is now in what is referred to as a “blue sky breakout”, where the price reaches a new all-time high and goes into price discovery mode as all buyers who didn’t sell on the correction are now in profit. It has truly been an impressive week for the bulls, generating the highest weekly closing price bitcoin has ever seen at $123,515.

Key Support and Resistance Levels Now

Now that the price has reached new highs, determining where resistance m

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