Bitcoin price due sub-$20K dip, traders warn amid claim miners ‘capitulating’

Bitcoin price due sub-$20K dip, traders warn amid claim miners ‘capitulating’

Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week.

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

Bets that $20,000 will fail as support increase

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as markets began trading.

The atmosphere was volatile after tech stocks suffered a major out-of-hours rout, with Bitcoin managing to avoid sustaining knock-on…


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