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$60K becomes resistance — 5 things to watch in Bitcoin this week
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Bitcoin (BTC) begins a new week with a rare disappointment for its Q4 bull run — failing to crack previous support.
After a promising weekend, BTC/USD ultimately saw rejection at $60,000 twice, and has since headed below $57,000 as market momentum wanes.
The stakes are high: some believe that sky-high Bitcoin price targets can still be met by the end of the month, while others believe that this bull market will take longer to play out than previous ones.
With November looking ever more likely to break with tradition and underdeliver — both compared to recent months and old bull market years — traders and analysts are gearing up for a nerveracking but potentially interesting monthly close.
Cointelegraph takes a look at five factors that could
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