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Bitcoin Price Flirts With USD 14,000 On 12th Whitepaper Anniversary

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Bitcoin price has briefly broken USD 14,000 resistance and spiked up to USD 14,100 on some of the major exchanges, including Coinbase, Bitstamp, Binance, and Gemini on Saturday morning (UTC time) before correcting below USD 13,600.

Source: Adobe/ink drop

However, at pixel time (13:37 UTC), BTC trades at USD 13,821 and is up by almost 4% in a day and 6% in a week. The price jumped by 28% in a month. At the same time, other major coins from the top 10 club are up by around 2% – 4.5% in a day.

According to crypto traders, the USD 14,000 level is another important psychological level for the market, above which there is little resistance all the way up to all-time high of almost USD 20,000 per BTC, reached on December of 2017.

BTC price chart:

Source: coinpaprika.com

Today also marks the 12th anniversary of Bitcoin whitepaper, which was published on October 31, 2008, by its pseudonymous creator and early developer Satoshi Nakamoto.

bitcoin whitepaper
Source: Bitcoin Whitepaper / Bitcoin.org

This occasion has prompted many in the cryptoverse to reminisce just how much the Bitcoin network has achieved over the past twelve years.

If BTC manages to avoid strong volatility, November 3, the day of much-discussed US presidential elections, will mark the first time when bitcoin price stayed above USD 10,000 for 100 consecutive days.

Learn more:
3 Hints Why Bitcoin Might Be ‘Poised for Biggest Breakout Yet’
The US Election: Pullback Possible, But Neither Trump Nor Biden Won’t Stop Bitcoin
Bitcoin on Track for USD 100,000 in 2025′ – Bloomberg Intelligence