Today price of bitcoin has crossed $11000. As we're on the weekend probably the market will fall back by tomorrow. Once again the growth seems to progress by the start of the falling week. This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some deflection, so it is time to make some profit from bitcoin volatility.
It's incredible to see that bitcoin suddenly make a break out and the last time I checked it's $11,300. It's very weird that it happens in weekends, but I guess when the market is awake 24x7 we should expect the unexpected. But the trading volume though, something tells me that this is a fake break out.
And we have the coming US election, for sure this will have a impact in the short term as crypto enthusiast will have to wait and see if the next sitting President will be at last lax on crypto or shall we shall say 'pro-Bitcoin'.