Bitcoin Rallies to New Heights, Eyes $90,000 Resistance Level

Bitcoin's price has surged after experiencing one of its best weeks ever, climbing closer to the $80,000 mark.

The cryptocurrency is currently trading at $79,637, up 1.15% over the last 24 hours, with a 24-hour trading volume of $88.93 billion and a market capitalization of around $1.60 trillion.

Galaxy Research revealed that the last weekly candle for BTCUSD was the largest weekly gain in terms of dollars added to the Bitcoin price in its history, with a gain of 23.5% ranking as the 41st biggest weekly gain in history.

The next big test for Bitcoin is around the $80,000 mark, where a huge cluster of supply has been identified by Whale Factor.