It Could Soon Be “Go Time” if Bitcoin Breaks One Crucial Level

  • Bitcoin has been flashing some subtle signs of strength heading into election day, as bulls were able to push it from $13,400 to $13,700 earlier today before it began facing some resistance
  • Its price action as of late has marked consolidation, and it doesn’t appear that analysts will have a clear idea of where it is heading next until after the election
  • Some believe that the results of the presidential race will have far-reaching impacts that even sway Bitcoin in the mid-term
  • That said, one trader is noting that it could soon be “go time” for Bitcoin if the cryptocurrency can close above one crucial level in the near-term

Bitcoin and the aggregated cryptocurrency market have been consolidating over the past week as analysts await the election results.

BTC has been struggling to break above its overhead resistance at $13,800 despite closing its monthly candle above this level a few days ago.

The selling pressure between $13,800 and $14,000 is quite intense, and a break above it will likely spark the next leg higher.

One trader is noting that a close above $13,950 will make it “go time” for Bitcoin, opening the gates for it to see some massive upside.

Bitcoin Rallies Higher Despite Election Day Concerns 

It appears that some Bitcoin bulls aren’t too fearful regarding Bitcoin seeing any intense bear-favoring turbulence in the hours leading up to and following today’s election.

At the time of writing, Bitcoin is trading up just over 1% at its current price of $13,700. This marks a notable surge from lows of $13,400 that were set this morning.

The strong support within the lower-$13,000 region is promising and indicates that bulls are still in full control of its price action.

Trader: It’s Almost “Go Time” for BTC

$13,960 is the crucial level Bitcoin needs to close above to post a massive extension of its recent uptrend.

One analyst spoke about this in a recent tweet, explaining that he has no interest in shorting Bitcoin at the moment.

“BTC: Not interested in shorts besides at the highs or unless we break those higher lows it keeps printing. Below the Swing High from June 2019 it’s probably a decent short towards mid 12000s. Above 13950 on a closing basis and it’s go time.”

The coming few days should provide some serious insights into where Bitcoin and the rest of the market will trend throughout late-2020.

JuiceStorm TV

Trading The UK, IE, US And AU Betfair Horse Racing Markets 24/7

The Betfair selections we are trading above are UK time. Only filled trades or bets appear on JuiceStorm TV.

Unsure how to get involved? Take a look here.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

2023 less markets were traded – 17,459 – but a with a similar profit to 2022.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 48,094 Betfair markets traded are here and the charts are here.

Top 100 Comments on

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of that has zero human input.

Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.