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Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next?

Bitcoin price rallied close to $11,000 after Square announced a $50 million BTC purchase.

Receding volume and sideways price action signal that Bitcoin price volatility will increase soon.

Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.

Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move.

Traders expect a slow Q4 for Bitcoin and altcoins, especially as BTC’s dominance rate begins to climb higher.

New data shows that one month after SushiSwap’s vampire mining attack Uniswap is the real beneficiary.

Bitcoin and a few altcoins continue to push against resistance at higher levels, suggesting that the uptrend may resume soon.

Investors should keep an eye on the tight inverse correlation between the strength of the U.S. dollar and Bitcoin.

Physical crypto events come back, but with a set of strict COVID-19 measures.

As Bitcoin price consolidates, bulls target $11.5K and bears expect a drop below $9.8K.