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 keeps $13K support but a correction could cost $1K or more
Short-term reversion for the markets is nothing unusual, say analysts, while those looking beyond remain firmly bullish on BTC
Bitcoin begins a new week with a new record under its belt—the highest weekly close in almost three years. The weekend produced even higher highs for Bitcoin as excitement spilled over from last week. Far from being flat, volatility was in evidence as BTC/USD climbed to highs of $13,370.
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Bitcoin retakes $12,000 as analytics firm CEO says bull run has now begun
“Pivotal” resistance at $11,900 gives way to highs of $12,300 as bullish hopes continue to come true this week
Bitcoin hit almost $12,400 on October 21 as consolidation at key levels ended in a fresh breakout. Data from price trackers including CoinMarketCap followed BTC/USD as bulls gained control for another attempt at quashing $12,000 resistance.
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Markets Report: Bitcoin retains gains as $11,900 remains “pivotal” resistance
Bullish strength must still compete with a “big hurdle” at $12,000, one analyst says, warning that ranging as low as $11,000 may return first.
Data from price trackers including CoinMarketCap showed BTC/USD hovering at around $11,800 on Tuesday, having traded in a tight range overnight. The start of the week had produced significant fresh upside for the largest cryptocurrency, with a breakout from lower in the $11,000 zone topping out at around $11,850.
