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Bitcoin smashes through $12k resistance as bull market continues Bitcoin Breaks 12000 resistance levels

Bitcoin smashes through $12k resistance as bull market continues

Bitcoin continued it’s late summer rally and has officially smashed through it’s $12,000 resistance early Monday morning. According to data gathered by Coindesk, Bitcoin initially broke into the $12000 price range at 6:30AM PST and has since continued to climb reaching as high as $12,400 a little over 2 hours later. 

Bitcoin smashes through $12k resistance as bull market continues coindesk BTC chart 2020 08 17

Bitcoin is now at a new 2020 high

This move over the $12,000 range puts Bitcoin at a new yearlyprice high, however it still has a bit more movement before reaching the previous year high of $13,400 and is still far off of the all time high of $19,783. The question remains wether Bitcoin will be able to hold this resistance or if it will fall back down into the sub $12,000 price range. 

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