Bitcoin has made another big move again today but it has largely been eclipsed by altcoins which are pumping hard. Nevertheless, bullish momentum is back for BTC and it could revisit its all-time high again before the year is out.
Bitcoin Reaches Longer Term Resistance
Bitcoin forked projects such as BCH, BSV, BTG and BCD are surging by double digits today but the king of crypto still dominates overall proceedings in the crypto space.
For the second day in a row bitcoin lifted off from intraday levels to post a new high for 2020. Today it has been a move from $8,500 to top out just below $8,900 according to Tradingview.com.
The 4.5% gain has taken BTC prices to their highest levels for over two months as the sentiment turns green again.
At the time of writing a shorter term pullback had already initiated dropping prices back to 0