Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.
Bitcoin (BTC) picked up momentum after crossing above $62,000 and is closing in on the $65,000 overhead resistance. According to the New York Digital Investment Group, Bitcoin remains the best-performing asset for the year despite the “seasonally weak” third quarter.
Bitcoin has been sideways for several months but that has not stopped the Japanese investment company Metaplanet from building up its stockpile. The firm announced on Oct. 7 that it had acquired 108.78 Bitcoin at an average price of about $63,600, taking its total to almost 640 Bitcoin.
Daily cryptocurrency market performance. Source: Coin360
