Bitcoin price nears final hurdle at $12K before bull market euphoria

The price of Bitcoin (BTC) had to hold the crucial support level between $11,100-11,300, and it did. After this support test, the price of BTC continued to surge upward on Oct. 20, reaching the crucial resistance area between $11,900-12,200.

This upward move came along with weakness in the dollar, as the U.S. Dollar Currency Index (DXY) dropped substantially. A correlation that’s been effective throughout 2020 already. 

However, other cryptocurrencies haven’t been following in Bitcoin’s…


Source link

About bitcoin

Check Also

From Bitcoin to Dogecoin: What’s Driving Cryptocurrencies’ Rise and the Challenges Ahead

Cryptocurrencies such as bitcoin, ether and dogecoin have surged to highs that few investors would …

Leave a Reply

Your email address will not be published. Required fields are marked *