Here’s what traders expect after Bitcoin price rallied to $13,217

WorldNews Thursday, 22 October 2020
Here’s what traders expect after Bitcoin price rallied to $13,217On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at $11,900, $12,000, and $12,500 in the last 48-hours. While there are various technical reasons behind the abrupt upsurge, there are three key factors buoying the rally. The three catalysts are a favorable technical structure, PayPal enabling cryptocurrency purchases, and Bitcoin’s rising dominance rate. PayPal’s crypto announcement adds to BTC’s momentum Earlier today, PayPal officially announced that it...

You Might Like

💡 One News Page Knowledge: Other News Mentions

Bitcoin Decentralized cryptocurrency

Beware of Bitcoin bonanza [Video]

Beware of Bitcoin bonanza

Bitcoin appears to be back in vogue, hovering near three-year highs, but Hilary Kramer of Kramer Capital Research warns investors against chasing the cryptocurrency, which has proven it can fall just as fast as it rises. She spoke to Reuters Business Correspondent Conway G. Gittens.

Credit: Reuters Studio    Duration: 05:49Published

Ethereum (ETH) Clears $600, Making A Retest Of All-Time Highs Imminent

Ethereum has exploded with the same momentum that Bitcoin did earlier in November, now taking the altcoin’s recovery to over $600. The level is the last major..

Why this parabolic Bitcoin trend will stop at nothing but $22,000

Bitcoin trend has broken past key resistances to target an all-time high of $19,783Unlike 2017, the current rally is mature with stable troughs and..

Bitcoin (BTC) Inches Closer to $19,000 Today Moving Past $350B Market Cap

It looks like Bitcoin bulls are preparing to take the BTC price above its all-time high of $20,000. While the BTC market rally has been overwhelming, several..

Bitcoin Price Smashes through $18,800 Level

According to data from CryptoCompare, around...

PayPal PayPal Online financial services company

PayPal launches a GoFundMe competitor with limits

Illustration by Alex Castro / The Verge

PayPal announced a new fundraising service called “Generosity Network” that seems poised to take on..

The Verge

Google Pay positions itself as Apple Pay, PayPal and Venmo alternative

Google would love to monitor your spending and learn from your habits to better inform its personalized advertising, but says the feature is opt-in.

Related videos from verified sources

Bitcoin Soars Above $19,000 [Video]

Bitcoin Soars Above $19,000

Bitcoin surged above $19,000 on Tuesday. The increase marks the first time in nearly three years, the cryptocurrency has come close to its 2017 record. According to Business Insider, the price of..

Credit: Wochit     Duration: 00:32Published
Bitcoin Hits $18,000 [Video]

Bitcoin Hits $18,000

On Wednesday Bitcoin rose above $18,000. That is it's highest in three years, and its market capitalization has hit an all-time record of $336 billion. Business Insider reports the price has closed..

Credit: Wochit     Duration: 00:35Published
Surging Bitcoin Nears Highest In 3 Years [Video]

Surging Bitcoin Nears Highest In 3 Years

Reuters Bitcoin surged more than 3% on Tuesday as it approached a key resistance level at $14,000. Recent positive developments for the digital cryptocurrency include PayPal allowing its account..

Credit: Wochit     Duration: 00:33Published

Related news from verified sources

PayPal to allow payment in cryptos as digital currencies edge towards mainstream

PayPal Inc (NASDAQ;PYPL),, the online payment giant, has given a significant boost to cryptocurrencies by allowing transactions to be made through its system....
Proactive Investors Also reported by •TechCrunchThe Next WebMashableFinextrabizjournalsRTTNews

PayPal and Venmo will offer and accept cryptocurrency for all online payments

PayPal and Venmo will offer and accept cryptocurrency for all online payments
Illustration by Alex Castro / The Verge PayPal on Wednesday announced it would begin supporting cryptocurrencies for the first time, allowing any PayPal...
The Verge Also reported by •TechCrunchThe Next WebMashableFinextrabizjournalsRTTNews

Chicago’s Chingona Ventures lands part of $50M investment from PayPal

Chicago-based Chingona Ventures is one of eight early-stage, Black and Latinx-led venture capital funds that’s receiving a slice of a $50 million investment...