On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high volume surges.
Cryptocurrency daily market performance snapshot. Source: Coin360
On Oct. 8 Cointelegraph contributor Micheal van de Poppe explained that in his view:
“If the price of Bitcoin breaks through the $11,100-$11,300 resistance zone, further…