A $13,500 Bitcoin Looks Inevitable as Price Fixes “Overbought” Worries

[Dociko]

A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run.

The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election.

The pair was up 0.87 percent ahead of the New York opening bell Monday, trading at $13,158. It persistently held onto the gains it made last week on the news of PayPal foraying into cryptocurrency space. The fintech firm’s decision to allow its users to store and spend Bitcoin raised the asset’s demand in the retail market.
Details: https://www.newsbtc.com/news/bitcoin/a-13500-bitcoin-looks-inevitable-as-price-fixes-overbought-worries/