3 key indicators suggest Bitcoin price is preparing to retest $11,000
Cointelegraph
Published Oct 09, 2020 02:34AM ET
Updated Oct 10, 2020 04:40AM ET
The price of Bitcoin (BTC) is nearing $11,000 once again after a shaky start to October. Last week BTC fell below $10,500 but on Oct. 9 the price swifty recovered to $10,940.
In the short term, there are three factors that could enhance bullish sentiment and push the price above $11,000. The possible catalysts are Square’s $50 million investment in Bitcoin, a prolonged accumulation phase, and the recent spike in on-chain activity.
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Written By: Cointelegraph
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