Surging bitcoin nears its highest level in almost 3 years, and is set to test a key technical level that could spur a move toward $20,000 | Currency News | Financial and Business News

FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken

  • Bitcoin surged more than 3% on Tuesday as it approached a key resistance level at $14,000.
  • Recent positive developments for the digital cryptocurrency include PayPal allowing its account holders to buy, sell, and transfer bitcoin, as well as Square’s bitcoin purchase worth $50 million.
  • If bitcoin is able to decisively trade above the $14,000 level, the next level of resistance…

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