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Bitcoin price has briefly broken USD 14,000 resistance and spiked up to USD 14,100 on some of the major exchanges, including Coinbase, Bitstamp, Binance, and Gemini on Saturday morning (UTC time) before correcting below USD 13,600.
However, at pixel time (13:37 UTC), BTC trades at USD 13,821 and is up by almost 4% in a day and 6% in a week. The price jumped by 28% in a month. At the same time, other major coins from the top 10 club are up by around 2% – 4.5% in a day.
According to crypto traders, the USD 14,000 level is another important psychological level for the market, above which there is little resistance all the way up to all-time high of almost USD 20,000 per BTC, reached on December of 2017.
When #Bitcoin breaks $14,000 there is no resistance until $20,000! 🚀
— The Moon 🌙 (@TheMoonCarl) October 27, 2020
$14k is inevitable
… which means so is $20kFew.
— Alistair Milne (@alistairmilne) October 21, 2020
BTC price chart:
Today also marks the 12th anniversary of Bitcoin whitepaper, which was published on October 31, 2008, by its pseudonymous creator and early developer Satoshi Nakamoto.
This occasion has prompted many in the cryptoverse to reminisce just how much the Bitcoin network has achieved over the past twelve years.
#Bitcoin was conceived (not born) 12 years ago on this day. A 9 page white paper evolved into $250 billion dollars in market cap today, with no fund raising, no marketing budget, no office, and no paid staff.
— CZ Binance (@cz_binance) October 31, 2020
“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto
— Gabor Gurbacs (@gaborgurbacs) October 31, 2020
Best present on #Bitcoin whitepaper day! pic.twitter.com/zYZ0nrN3qE
— PlanB (@100trillionUSD) October 31, 2020
If BTC manages to avoid strong volatility, November 3, the day of much-discussed US presidential elections, will mark the first time when bitcoin price stayed above USD 10,000 for 100 consecutive days.
#Bitcoin price on 31st Oct (whitepaper day 🎉)
2013 – $204
2014 – $338
2015 – $314
2016 – $700
2017 – $6,468
2018 – $6,317
2019 – $9,199
2020 – $13,732— Danny Scott (@CoinCornerDanny) October 31, 2020
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Learn more:
3 Hints Why Bitcoin Might Be ‘Poised for Biggest Breakout Yet’
The US Election: Pullback Possible, But Neither Trump Nor Biden Won’t Stop Bitcoin
Bitcoin on Track for USD 100,000 in 2025′ – Bloomberg Intelligence
