Here’s what traders expect after Bitcoin price rallied to $13,217
Bitcoin price just secured a new 2020 high and traders expect the price to rise higher for 3 key reasons. On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at $11,900, $12,000, and $12,500 in the last 48-hours. While there are various technical reasons behind the abrupt upsurge, there are three key factors buoying the rally.The three catalysts are a favorable technical structure, PayPal enabling cryptocurrency purchases, and Bitcoin's rising dominance rate.PayPal's crypto announcement adds to BTC's momentumEarlier today,....
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