Main navigation

Bitcoin's $10,000 Support Displays Record-Breaking Resilience

Sun, 27/09/2020 - 18:08
Bitcoin's $10,000 Support Displays Record-Breaking Resilience
Cover image via
Read U.TODAY on
Google News

Bitcoin has quietly matched its streak of daily closes above $10,000 that was recorded during the peak of the 2017 bull run when the cryptocurrency burst onto the global scene.

If BTC manages to print one more daily close above the aforementioned level, it will be the longest period the world’s largest crypto stayed in the five-digit range. 

The bulls are holding the $10,000 support 

At the time of writing, BTC is hovering tightly above the $10,700 level on the Bitstamp exchange as volatility continues to subdue.

Image by

Bears would need to push the leading crypto down 6.83 percent in a matter of hours in order to throw a wrench in the works and prevent the new record from happening.

Bitcoin has dipped below $10,000 on numerous occasions since early September but bulls would always push it above this key support prior to each daily close.

As reported by U.Today, the cryptocurrency market saw a violent correction together with tech stocks.     

The battle for the five-digit Bitcoin was eventually won by bulls who are now eyeing the $11,000 resistance that was rejected on Sept. 20.     

Bitcoin Network Surpasses 18,500,000 BTC in Circulation

Uneventful 62 days

Bitcoin’s 62-day run in the five-digit reality was rather uneventful compared to late 2017.

Following an unsuccessful attempt to breach the $12,500 level on Aug. 17, there is an ongoing back-and-forth between bulls and bears within a relatively tight range.

Bitcoin reached $10,000 for the first time on Dec. 1, 2017. 15 days later, its value doubled, reaching the current all-time high of $19,681 before facing a sharp correction in early February 2018.


Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles