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Latest Bitcoin cost along with analysis (BTC to USD).

by Penny Roberts
November 2, 2020

Price of Bitcoin is still in a bullish posture following a remarkable month close at $13,850, which is a matter of basis points away from its highest ever monthly close.

Bitcoin Value activity continues to be bolstered by PayPal’s recent announcement that it will begin facilitating cryptocurrency buys and sells.

This followed an influx of institutional buy earlier this year, with MicroStrategy buying $475 million worth of Bitcoin in September before Square invested $50 million itself.

With all basic variables these days apparently in place, from a technical viewpoint Bitcoin is in an even stronger position with the before stubborn $13,000 level of resistance now being a quality of support.

If Bitcoin Price Today can establish a platform in this region it will almost certainly develop a move towards the latest all time high before the season is over – Buy Bitcoin.

However, it is worth noting that actually during 2017’s sensational bull market, short-term sell offs happen a lot more frequently.

This is typically due to high net worth traders taking earnings, which brings about a cascade in liquidations as well as sell orders from those utilizing of exceptional leverage.

At this stage, even if Bitcoin Price suffers a sell-off to $12,600 it will continue in a bullish long term position, nonetheless, it is worth taking into consideration that the upcoming US election could cause volatile swings across almost all worldwide markets. Read:

  • How to Mine Bitcoin on PC
  • How Long does it Take to Mine 1 Bitcoin?
  • Bitcoin ATM near me

For even more news, manuals and cryptocurrency analysis, click here.

Bitcoin pricing Current live BTC pricing information and interactive charts are available on our site twenty four hours a day. The ticker bar at the bottom level of every page on the site of ours has the most recent Bitcoin selling price. Pricing is available in a range of different currency equivalents:

Bitcoin Price USD BTC to USD

British Pound Sterling: BTCtoGBP

Japanese Yen: BTCtoJPY

Euro: BTCtoEUR

Australian Dollar: BTCtoAUD

Russian Rouble: BTCtoRUB

What is Bitcoin?

In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called Bitcoin: A Peer-to-Peer Electronic Cash System. This was written by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows exactly who this person, or people, are actually.

The paper outlined a technique of utilizing a P2P network for electronic transactions without depending on trust. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number 0 (or the genesis block), which had a reward of 50 Bitcoins.

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Penny Roberts

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