The Bitcoin cryptocurrency has appreciated about 29.27% in value against the US Dollar since July 29.
The currency pair was trading above the weekly R1 at 11667.6 during the morning hours of Friday's trading session.
Most likely, the BTC/USD pair could continue its bullish momentum during next week's trading sessions.
Although, it is expected that the pair makes a brief retracement towards a support cluster formed by the 200– period simple moving average and the monthly pivot point at 10822.2 in the short-term.
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