Bitcoin attempted to flip $13,000 to support on Oct. 22 after a giant buy-up of spare supply sparked a bull run to $13,200. Data from price tickers including CoinMarketCap showed BTC/USD continue gaining to reach its highest levels in over a year on Thursday.
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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.
