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 circles $13,000 as amid fresh rumors of more firms buying BTC
Bitcoin’s best week in over a year shows no signs of reversing its fortunes as $13,000 stays in sight
Bitcoin spent another day challenging $13,000 on Oct. 23 as the aftermath of its rapid run to 15-month highs continued to excite investors. The past week has seen some of the most successful trading days in Bitcoin’s history, and as markets prepared to close on Friday, upward momentum showed no signs of reversing.
