This level is a 'Good Springboard' for Bitcoin in November
Bitcoin might have not met ‘Uptober’ expectations, but it closed the month on a positive note by registering a 5.56% inclination. While the cumulative market cap struggled to stay above the psychological $1 trillion mark last week, Bitcoin managed to cling-onto $20k. In the June-July period, Bitcoin tested the $20k level a handful of times and eventually rallied to $25.2k by mid-August. However, in September and most part of October, $20k acted like a strong resistance. Commenting on the essence of the afore-highlighted level, Riduan Abdeselam Mohamed—Co-Founder and Chairman at Web3 ecosystem WeWay—told Watcher Guru via a textual commentary, “ That Bitcoin stayed above the $20, 000 psychological level is a positive boon that marks a good springboard for November.” Source: TradingView Also Read: Does Polygon deserve to be in the top 3 with Bitcoin, Ethereum? Is there room for more growth for Bitcoin? Per data from Coinglass, Bitcoin investors have ...