Bitcoin nears the end of another week with $13,000 support intact and bulls still firmly in control — can the gains last as the U.S. elections near? Despite days of intense volatility, Bitcoin has practically come full circle since Monday, preserving $13,000 and rejecting calls for a bigger drop.
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Markets Report: Bitcoin tests $13,000 as analyst pins hopes on record monthly close
A weaker 24 hours for Bitcoin comes as the U.S. dollar currency index makes fresh gains and gold also weakens
Bitcoin struggled to maintain $13,000 support on October 29 as a rejection at $14,000 sparked 24 hours of downward price pressure. Data from price tickers including CoinMarketCap showed BTC/USD in a less bullish position on Thursday, briefly dipping back into the $12,000 range overnight.
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Markets Report: Bitcoin hits 2020 record of $13,850 before major resistance hurdle
A retest of 2019 bull run highs is met with a modest retracement as higher levels hold on the day for BTC/USD
Bitcoin (BTC) reached new 2020 highs of $13,850 on Oct. 28 as markets rose to equal their 2019 peak. BTC/USD stopped short of retaking resistance at $14,000, the level which provided a “hammer” event during last year’s bull run to around $13,800.
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Markets report: Bitcoin hits $13,450 highs as analyst says implied price is now $40,000
Bitcoin’s S&P 500 correlation, if it holds, puts its implied price at $40,000, says PlanB, while worries of a retracement also surface
Bitcoin showed continued strength above $13,000 on October 27 as concerns that a correction was due were met with fresh gains. Data from price trackers including CoinMarketCap showed BTC/USD add to its upward trajectory during trading on Tuesday, climbing to $13,455.
