This is the last major hurdle before Bitcoin price can target $20,000

Bitcoin price has been showing impressive strength in the previous weeks and today the price made a new 2020 high at $13,666.

As Bitcoin shows strength, altcoins are failing to follow suit and most altcoins are selling off against BTC. Bitcoin's dominance rate has been rising in the previous weeks and this shows that the market's momentum is based around Bitcoin.

The price of Bitcoin broke through the $11,600-$12,000 barrier as the crucial barrier for further upward movement.

It's not likely to anticipate an apparent breakthrough in one-go as it's the first test of this resistance zone, but the overall weakness of the dollar is signaling that the price of Bitcoin could only run higher.

U.S. dollar weakness is propelling the Bitcoin rally.

Since the rejection occurred on Sept. 24, Bitcoin's price started to rally.

This rally increased the price of Bitcoin by $3,000 as it rallied from $10,500 to $13,500.

If the dollar holds the 92.50 area for support, there's a potential likelihood of a reversal on the price of Bitcoin as well.

If Bitcoin's price fakes out above $13,500 and drops back into the range, the deviation is confirmed by a bearish retest of the $13,000-$13,200 area.

Obviously, such a move is lining up with a potential reversal on the U.S. Dollar Currency Index and the failure of Bitcoin to breakout above $14,000.