Bitcoin (BTC) price hit a new high of $ 13,480 on October 27 A bank entered the cryptocurrency space and fueled the already bullish markets.
Daily Review of the Coin360 Cryptocurrency Market
Bank news pushes BTC price to $ 13,480
Data from Cointelegraph Markets, Coin360 and TradingView showed this The BTC / USD pair rose again during Tuesday’s trading, up 2% in just over an hour.
The move followed an unconfirmed message The Singapore bank DBS had decided to set up a cryptocurrency exchange and offer crypto custody services, fully regulated by the city-state’s de facto central bank, the Monetary Authority of Singapore (MAS).
The measure was originally made known through a cached website that later disappeared from public access. DBS had to confirm at the time of going to press.
Still, Bitcoin responded immediately, Breaking out of reach in the lower $ 13,000 range and dismissing concerns that a correction is imminent.
1-day chart of the BTC / USD pair. Source: TradingView
Buddy: New highs in 3 months “at the latest”
For Raoul Pal, CEO of Real Vision, the bullish atmosphere had intensified and future profits were more likely than ever.
“Literally, Only two resistances remain on the #bitcoin chart: 14,000 and then the old all-time peak of 20,000“, tweeted.
“I expect new all-time highs by the beginning of next year at the latest.”
That would bring Bitcoin another 50% in about three months – the largest cryptocurrency has already made annual gains of more than 85%.