Bitcoin price turned down over the weekend as Bitcoin closes above the $60 psychological level for the third week. BTC bulls have to defend the 200-day SMA at $$56, 813 to remain bullish.
The bullish momentum slowed down for BTC bulls over the weekend as Bitcoin price turned down on the last day of ‘Uptober’. The bulls however managed to achieve a third successive weekly and the first ever monthly close above the $60,000 psychological level.
BTC/USD Weekly Chart
Live Chart
The next key level to watch is the $63,000 level where BTC has been continuously rejected after hitting the all-time high (ATH) above $67,000 on October 20.
It Has Been 13 Years!!
It is important to remember that Bitcoin was launched on January 03, 2009 at the initial price of $0.0008. The big crypto has since rallied nearly ,374,999,900% to reach the ATH around $67,000.
It has not been easy for Bitcoin hodlers as there have been some frustrating corrections and discouraging bear markets along the way as some
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