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Nov 5, 2020
BTCUSD Hits new 2020 high
Bitcoin has hit a new 2020 trading high above the $14,100 resistance level after polls showed the Biden campaign gaining ground. Technical analysis shows that a sustained breakout above the $14,100 level could cause the BTCUSD pair to rally towards the $15,000 level. Crypto traders are still cautious as fears over a contested election could still cause Bitcoin to turn sharply lower.
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The BTCUSD pair is only bullish while trading above the $13,500 level, key resistance is found at the $15,000 and the $15,200 levels.
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If the BTCUSD pair trades below the $13,500 level, sellers may test the $12,700 and $11,500 levels.