Bitcoin finally broke through the $10,000 psychological level to continue the upward momentum it had established in recent months since the lows at the height of the coronavirus crisis. This could be due to the OCC confirming that banks would be able to hold Bitcoins reducing the regulatory risk surrounding cryptocurrencies. Bitcoin briefly challenged support at $12,135 before pulling back but whilst prices don't consolidate below support $10,574 the cryptocurrency could again reach year to date highs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.