BTC price passes $57.4K in a fresh surge towards February resistance

BTC price passes $57.4K in a fresh surge towards February resistance


Bitcoin (BTC) kept markets guessing into the Wall St. open on Oct. 11 after seeing rejection on hitting its highest since May.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price teases $58,000 February high

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking $57,000 after reaching $57,450 on Bitstamp — its best since May 10.

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In so doing, Bitcoin effectively fully cancelled out the impact of China’s mining debacle and subsequent redistribution of hash rate around the world.

If you’re reading this, you survived the #BTC crash in May 2021$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) October 11, 2021

Amid a celebratory mood among analysts, predictions broadly centered on a run to a six-figure peak initiating sooner rather than later.

“All data science models suggest that BTC will peak much higher than

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