$17K Bitcoin price a real possibility if bulls flip $12K to support

Cointelegraph

Published Oct 12, 2020 02:37PM ET

Updated Oct 13, 2020 04:40PM ET

Bitcoin (BTC) price had been acting inside a narrow range for the last few weeks but the momentum and trend shifted as a bullish breakout occurred on the announcement that Square had allocated 1% of its cash reserves to BTC.

This bullish breakout even caused the price to rally from $10,600 to $11,500, which is almost $1,000 in a few days.

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