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Bitcoin edges to session highs

08 Oct, 2021

In a nutshell Bitcoin has not really gone anywhere over the past 12 hours. Granted it is higher on the week of course, but for most of the session since the US close 53.5 to 54.5k has more or less covered it. The price action is steady though and that will continue to keep confidence high, but at the same time, if this rally is really to have a look at the all time highs above 64k, then it needs to get above that noted next resistance level. That is in place at 56,363 and represents a 76.4% retracement of the whole move down from that high to the 28k lows earlier this summer. However, the price is just now making a move, lifting to session highs as this update is being typed, currently trading at around 54,800
 

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