Bitcoin bounced off a key support level and its price went up. It has now passed $68,000. Since this rise happened over the weekend, it’s unclear if it will continue. If prices sustain, it might even hit $70,000.
Significant increase in BTC withdrawals from Kraken after affected Mt.Gox users start receiving their BTC. This could be a positive signal, indicating that they are not selling and are preparing to hold their coins, moving them from the exchange to cold wallets.
After the news of Joe Biden dropping out, the price should have pumped. But due to manipulation, the price experienced a significant dump and then quickly bounced back causing long position holders to be liquidated. Currently, Bitcoin is trading above $67,000 and has touched the $68,500 mark. The next important resistance level is $69,000. If the price goes above this, it could reach $72,000."