After a lackluster August and September, Bitcoin surged by approximately 30% in October. Bitcoin’s October spike pushed the cryptocurrency above two important technical levels that I discussed in August ($11,000 and $12,500), which is a sign of strength. The next most important technical hurdle to break is $14,000; if Bitcoin can break above that level in a decisive manner, there is very little meaningful resistance until the all-time high of approximately $20,000.
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