Bitcoin finally takes out 16k

As mentioned here earlier, the prospect of Bitcoin making a move above 16k was a little in the balance. Well, not any more because the price has just now jumped above that level as it quickly accelerates to a new 2020 high at 16,150. So, it it can sustain this upside break then further progress is surely on the cards. The move higher this morning endorses what has been said here about the lead cryptocurrency and that is the trend higher remaining intact. The break above 16,000 this morning could now open a path to the next significant level that was highlighted here previously. That is and remains at around 16,930 which is there the price set an interim high back in 2018. Bitcoin is just now trading at 16,135