Bitcoin and Litecoin – Weekly Technical Analysis – October 26th, 2020

Bitcoin

Bitcoin rallied by 13.20% in the week ending 25th October. Following on from a 1.18% gain from the week prior, Bitcoin ended the week at $13,037.0.

It was a mixed start to the week. Bitcoin fell to a Monday intraweek low $11,417.0 before making a move.

Steering clear of the first major support level at $11,173, Bitcoin rallied to a Sunday intraweek high $13,358.0.

Bitcoin broke through the week’s major resistance levels to visit $13,000 levels for the first time since July 2019.

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