BTC’s price reached its highest level since late July, but US dollar strength is starting to undermine Bitcoin bulls’ confidence.
Bitcoin (BTC) circled $68,000 on Oct. 16 after setting new 11-week highs into the Wall Street open.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price upside resuming as bulls eclipsed the peak of a leverage-driven “fakeout” the day before.
