Bitcoin surges into the US open as US forecast points to attack on $60K

As U.S. trading opens, the familiar scene of BTC price action heading for formidable resistance at $60,000 is seen.
Bitcoin (BTC), met the start U.S. trading on Dec. 1, when Wall St. opened sparked a run over $58,500. BTC/USD 1-hour candlechart (Bitstamp). Source: TradingViewAnalyst. $56,000 may have been resistance flip. Data from Cointelegraph Markets Pro, TradingView, and TradingView showed that BTC/USD gained 2% in an hour Wednesday. Looking to hit the highs at $60K. pic.twitter.com/nyx2XvE8Sw– Michael van de Poppe (@CryptoMichNL) December 1, 2021

Wall’s been pulled. Either they’re done building (a 30k wall was also pulled at that time), or VolQ is right. pic.twitter.com/sG6DdtFQzL– Material Scientist (@Mtrl_Scientist) November 30, 2021

The November close was the first failure of a long-standing Bitcoin price model to capture BTC’s price performance. Analyst PlanB’s floor model predicted a November close of $98,000. However, the November close was the first failure in a long-standing Bitcoin price model to capture BTC price performance.ETH/BTC reached 0.083 BTC Wednesday. This marked its highest level since May and nearly challenging levels from 2018.ETH/USD 1-week candles chart (Bitstamp). Source: TradingView “ETH is only +5% away reaching new All Time Highs,” analyst Rekt Capital stated.

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