Bitcoin Price Eyes New 2020 High Once Bulls Break $11.8K Resistance
Cointelegraph
Published Aug 06, 2020 01:21AM ET
Updated Aug 06, 2020 03:00AM ET
Bitcoin (BTC) price perked up on August 5, rallying from $11,090 to $11,784 before briefly retracing to the $11,650 area as the daily close approached. Currently the price trades near the $11,500 support after bulls were unable to tackle the $11,800 level.
Despite a pullback to lower support, Wednesday’s 6.29% push through the $11,100 to $11,250 zone was much needed as the price had lingered below this level for about 3 days.
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Written By: Cointelegraph
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