Bitcoin (BTC) surpasses বাজারে 58,000 in market after overnight success challenging brand-new support levels on October 14
Bitcoin “dives” around $ 57,000
Data from Cointelegraph Markets Pro and Trading view After hitting a high of $ 58,540 on Bitstamp, it tracked BTC / USD to 57 57,000.
In February, Bitcoin first mimicked moves to attack 58 58,000 বিভিন্ন various efforts through consolidation, finally reaching an all-time high in April.
Despite the on-chain indicators showing that Bitcoin is a different animal in Q4, however, the mood was just as bright this time around.
“Bitcoin is probably always on the rise,” said Cointelegraph contributor Michaël van de Poppe. Wrote In his latest Twitter update.
“Great bounce from $ 54K. Most likely we’ll see a re-test at K 50K.”
Cementing 50,000 50,000 – albeit for the second time in 2021 – will create a clear signal on the market’s direction as pundits expect it to explode by the end of the year.
For traders and analysts Rect Capital, however, there was a potential cause for concern this week. Zoom out, BTC / USD has failed to close a weekly candlestick above $ 60,000, and a repeat performance could similarly spell a copycat correction.
# BTC So far has successfully re-examined its Daily Bull flag
But Bitcoin is still below the big weekly resistance (red)
In fact, any kind of weekly closing historian below $ 60000 is historically a $ BTC Withdrawal from this height# Crypto # Bitcoin pic.twitter.com/n9vFaaalVM
– Rect Capital (ktrektcapital) October 13, 2021
It left the bulls until Sunday to crack a historic watermark, which could still be helped in the futures-based exchange-trading fund before Monday’s approval decision.
Polkadot breakout heading altcoin returns
Altcoins, meanwhile, have seen a brief respite from weakness in the face of the “bitcoin season two”.
Related: Price Analysis 10/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI
The exception was Polcadt’s dot, which rose 28% in one week on the news that its auction would finally begin next month – a five-year key feature.
As Bitcoin slowed down, the largest altcoin, Ether (ETH), gained 5.3% daily, with the top 10 cryptocurrencies by market capitalization trading.
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