- BTC/USD defies pullback from 24,300, recently bid from 23, 110.
- Bullish MACD, sustained break of key resistances favor bulls.
- Sellers need to break 19,500 for fresh entry.
BTC/USD prints 1.0% intraday gains while flashing 23,695 as a quote during early Monday. In doing so, the crypto major reverses the pullback moves from the latest record high of 24,300 while bouncing off 23,110 off-late.
Although overbought RSI conditions warn bulls, a sustained upside break of the 2017 peak, as well as an upward sloping trend line from June 2019, keeps the pair buyers hopeful.
As a result, BTC/USD bulls might not hesitate to eye the 30,000 psychological magnet as an immediate target ahead of moving on to the more strong fundamental hints of the 100,000 landmark.
On the contrary, any further pullbacks may eye for the 20,000 round-figure. Though, sellers will remain cautious until witnessing a downside break of the 19,500 mark, comprising late-November tops.
Overall, the BTC/USD is up for a long northward journey but intermediate corrections can’t be ruled out.
BTC/USD daily chart
Trend: Bullish
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