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Bitcoin makes a move higher

11 Nov, 2020

Following an earlier update on the progress of Bitcoin today, the price has lifted a little after it broke out above a noted short term resistance level around 15,520. The move beyond that level did extend, but so far not by that much. The price has risen to as high as 15,691 so far. It did slip back from that gain, but the 15,520 has certainly capped any downside since. In fact, the move lower has not yet extended back below 15,550 yet. It is just now attempting to lift again as it pushes back towards 15,700 again. As mentioned earlier, the overall trend is high but in order to have another look at the 16k level it will need to keep the current momentum running. Beyond 16k, the next discernible level target level looks to reside at around 16,930 which is where a weekly high was set back in July 2018 after the coin had already peaked just short of 20k in 2017. Bitcoin is just now trading at 15,670

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