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07.11 - 22:55
Looking into Bitcoin’s organic growth, as it lies low after recent euphoria
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October 20 finally marked the much-awaited Bitcoin all-time high, as BTC blasted to $67K. Market-wide euphoria and FOMO, however, sent Bitcoin price into a kind of consolidation stage. Investors locked in profits following the non-stop over 50% price run that the top coin saw since the beginning of this month.
Last week, the BTC weekly closed above a historical major resistance area. This week, after the king coin’s price ATH, BTC may be dipping towards the same area. Only, this time there are high anticipations that BTC will turn it into a major support zone.
If the $60K support is established further, price growth and a run to $100K could be in store.
While with the current consolidation, BTC is down almost 7% from its ATH, there are
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