Bitcoin hits new 6-week high as Ethereum liquidates $240M more shorts

Bitcoin hits new 6-week high as Ethereum liquidates $240M more shorts

Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Dollar lurks as BTC price rebounds

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new six-week highs.

The pair had seen a consolidatory phase ensue after its first trip to the $21,000 mark, the first time it had traded above $21,000…


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