cryptocurrency - The Urban Mine

Bitcoin blasts through $13K following PayPal’s entrance into crypto

News of PayPal’s support for crypto assets has triggered a rally in the markets, with Bitcoin trading above $13,000 for the first time since July.

The long-awaited “flippening” of fiat at PayPal will begin next year, as Bitcoin price action offers almost 5% daily gains.

Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000.

Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.

Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.

Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.

Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move.

Litecoin’s privacy feature testnet returns as news emerges that Europol sees privacy and coin mixing technologies as major digital threats

Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.

Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend.