Bull flag breakout will decide whether Bitcoin price goes to $16K or $14K

price (BTC) appears to be taking a short breather after reaching a new 2020 high at $15,960 on Nov. 5.

The 1-hour and 4-hour timeframe show the price compressing within a flag and throughout the majority of the trading day, the $15,500 level has held as support. $15,750 is the level Bitcoin needs to break in order to pursue another stab at $16,000.

4-hr chart. Source: TradingView
Crypto market daily price chart. Source: Coin360