BTC Celebrates 11th Birthday With 2.3% GrowthOct 31, 2019
On October 31, 2008, a person (or group of people) under the pseudonym Satoshi Nakamoto published Bitcoin’s white paper, the first peer-to-peer payment system in history. Since, the story of a radically new form of money has begun.
According to Coinmarketcap, BTC has added 2.3% over the past 24 hours. It’s important to note that the price has held above the MA200 and psychological level of 9,000. This is good news for investors, because the next BTC’s return to 9,500 point may confirm the buyers’ willingness to continue growth to 11,000 and further to 12,000 points.
Pay attention to the formed pennant trend continuation pattern. A breakthrough of resistance at the 9,500 level (the upper border of the figure), will allow us to expect growth. The height of this figure is almost 3000, so the price has a sufficiently large potential for further growth.