Bitcoin and Chainlink – Weekly Technical Analysis – October 12th, 2020

Bitcoin Bitcoin rose by 6.53% in the week ending 11th October. Reversing a 1.08% decline from the week prior, Bitcoin ended the week at $11,385.0. It was another mixed but bearish start to the week. Bitcoin fell to a Thursday intraweek low $10,541 before making a move. Steering clear of the first major support level at $10,390, Bitcoin rallied to a Saturday intraweek high $11,505.0. Bitcoin broke through the first major resistance level at $10,985 and the second major resistance level at $11,283. A brief fall back to sub-$11,300 levels on Saturday saw Bitcoin find support at the second major resistance level to wrap up the week at $11,300...