Bitcoin smashes through $12k resistance as bull market continues
Bitcoin continued it’s late summer rally and has officially smashed through it’s $12,000 resistance early Monday morning. According to data gathered by Coindesk, Bitcoin initially broke into the $12000 price range at 6:30AM PST and has since continued to climb reaching as high as $12,400 a little over 2 hours later.
Bitcoin is now at a new 2020 high
This move over the $12,000 range puts Bitcoin at a new yearlyprice high, however it still has a bit more movement before reaching the previous year high of $13,400 and is still far off of the all time high of $19,783. The question remains wether Bitcoin will be able to hold this resistance or if it will fall back down into the sub $12,000 price range.