{"id":30402,"date":"2020-10-20T21:32:19","date_gmt":"2020-10-20T18:32:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30402"},"modified":"2025-08-27T22:07:00","modified_gmt":"2025-08-27T19:07:00","slug":"bitcoin-price-tests-the-12000-mark","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-tests-the-12000-mark\/","title":{"rendered":"Bitcoin price tests the $12,000 mark"},"content":{"rendered":"<p>The leading cryptocurrency briefly breached the $12,000 level. After encountering resistance, BTC price retraced.<!--more--><\/p>\n<p>\\n<\/p>\n<p>The chart below shows that the upward impulse was not supported by higher trading volumes.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_113929\\\" style=\\\"width: 1381px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-113929\\\" class=\\\"size-full wp-image-113929\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-329.png\\\" alt=\\\"Bitcoin price tests the $12,000 mark\\\" width=\\\"1371\\\" height=\\\"760\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-329.png 1371w, https:\/\/u1f987.com\/wp-content\/uploads\/1-329-300x166.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-329-1024x568.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-329-768x426.png 768w\\\" sizes=\\\"auto, (max-width: 1371px) 100vw, 1371px\\\" \/><\/p>\n<p id=\\\"caption-attachment-113929\\\" class=\\\"wp-caption-text\\\">Intraday BTC\/USD chart from Bitstamp on TradingView.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>Against the backdrop of Bitcoin&#8217;s positive momentum, many assets saw substantial drops in price. For example, this is how the top ten by market capitalization look:<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_113930\\\" style=\\\"width: 990px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-113930\\\" class=\\\"size-full wp-image-113930\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-322.png\\\" alt=\\\"Bitcoin price tests the $12,000 mark\\\" width=\\\"980\\\" height=\\\"427\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-322.png 980w, https:\/\/u1f987.com\/wp-content\/uploads\/2-322-300x131.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-322-768x335.png 768w\\\" sizes=\\\"auto, (max-width: 980px) 100vw, 980px\\\" \/><\/p>\n<p id=\\\"caption-attachment-113930\\\" class=\\\"wp-caption-text\\\">Source: <a href=\\\"https:\/\/messari.io\/screener\/all-assets-D86E0735\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Messari<\/a>.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>Some market participants noted that BTC has lately risen amid negative dynamics in U.S. equities and gold.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Restart the safe haven narrative.<\/p>\n<p>\\n<\/p>\n<p>Stonks, Gold down, <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> zoom zoom. <a href=\\\"https:\/\/t.co\/zbeQmKfHl8\\\">pic.twitter.com\/zbeQmKfHl8<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Hsaka (@HsakaTrades) <a href=\\\"https:\/\/twitter.com\/HsakaTrades\/status\/1318221793065271296?ref_src=twsrc%5Etfw\\\">October 19, 2020<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/p>\n<p>Experts at Glassnode noted that Bitcoin&#8217;s realized capitalization reached an all-time high.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udcc8 <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> Realized Cap just reached an ATH of $117,360,133,538.41<\/p>\n<p>\\n<\/p>\n<p>Previous ATH of $117,353,663,487.01 was observed earlier today<\/p>\n<p>\\n<\/p>\n<p>View metric:<a href=\\\"https:\/\/t.co\/C8JhD26mC1\\\">https:\/\/t.co\/C8JhD26mC1<\/a> <a href=\\\"https:\/\/t.co\/zURNvnnu0l\\\">pic.twitter.com\/zURNvnnu0l<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\\\"https:\/\/twitter.com\/glassnodealerts\/status\/1318541362673995777?ref_src=twsrc%5Etfw\\\">October 20, 2020<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/p>\n<p>Bitcoin&#8217;s market supply of dormant coins for more than three years reached a two-year high.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udcc8 <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> Percent Supply Last Active 3+ Years just reached a 2-year high of 32.025%<\/p>\n<p>\\n<\/p>\n<p>Previous 2-year high of 32.024% was observed earlier today<\/p>\n<p>\\n<\/p>\n<p>View metric:<a href=\\\"https:\/\/t.co\/ari6mxFMpi\\\">https:\/\/t.co\/ari6mxFMpi<\/a> <a href=\\\"https:\/\/t.co\/cPz3wuMvT7\\\">pic.twitter.com\/cPz3wuMvT7<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\\\"https:\/\/twitter.com\/glassnodealerts\/status\/1318541373843406849?ref_src=twsrc%5Etfw\\\">October 20, 2020<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/p>\n<p>The number of UTXOs in Profit (1d MA) just reached an ATH of 109,486,342.208<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udcc8 <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> Number of UTXOs in Profit (1d MA) just reached an ATH of 109,486,342.208<\/p>\n<p>\\n<\/p>\n<p>Previous ATH of 109,351,953.083 was observed on 02 September 2020<\/p>\n<p>\\n<\/p>\n<p>View metric:<a href=\\\"https:\/\/t.co\/pnphkCzv6j\\\">https:\/\/t.co\/pnphkCzv6j<\/a> <a href=\\\"https:\/\/t.co\/229aq4kgvV\\\">pic.twitter.com\/229aq4kgvV<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\\\"https:\/\/twitter.com\/glassnodealerts\/status\/1318541368269176833?ref_src=twsrc%5Etfw\\\">October 20, 2020<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/p>\n<p>Earlier, Cane Island Alternative Advisors&#8217; Timothy Petersen <a href=\"https:\/\/u1f987.com\/en\/news\/researcher-bitcoin-is-unlikely-to-drop-below-11000-with-90-probability\">expressed confidence<\/a> that Bitcoin&#8217;s price would not fall below $11,000 with a 90% probability.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading cryptocurrency briefly breached the $12,000 mark. After hitting resistance, BTC price retraced.<\/p>\n","protected":false},"author":1,"featured_media":30403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-30402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30402"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30402\/revisions"}],"predecessor-version":[{"id":30404,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30402\/revisions\/30404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30403"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}