BTCUSD Bitcoin

Bitcoin has enjoyed a barnstorming rally on Tuesday having surged to the $12,000 mark for the first time since September 1. The world’s largest cryptocurrency now has a long-awaited bull market within its grasp, it just needs to close a daily candle above the $12,500 of resistance for confirmation. Having already rallied by 1.61% since yesterday’s daily close, Bitcoin looks on track to test the $12,000 level before the end of the day. The reason behind the recent price hike lies within two things; the upcoming US presidential election and the increase in institutional investment into assets like Bitcoin. BTCUSD chart by TradingView As reported on Monday by Coin Rivet, the US election has the potential to impact Bitcoin as ...
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