It Could Soon Be “Go Time” if Bitcoin Breaks One Crucial Level

El42Ad3XUAMTWWD 980x487

Bitcoin has been flashing some subtle signs of strength heading into election day, as bulls were able to push it from $13,400 to $13,700 earlier today before it began facing some resistance Its price action as of late has marked consolidation, and it doesn’t appear that analysts will have a clear idea of where it is heading next until after the election Some believe that the results of the presidential race will have far-reaching impacts that even sway Bitcoin in the mid-term That said, one trader is noting that it could soon be “go time” for Bitcoin if the cryptocurrency can close above one crucial level in the near-term Bitcoin and the aggregated cryptocurrency market have been consolidating over the past week as analysts await the election results. BTC has been struggling to break above its overhead resistance at $13,800 despite closing its monthly candle above this level a few…

Read the original article here