BTC Hangs Above Critical Support Level Over the last couple of weeks, bitcoin (BTC-USD) has been attempting to flip its key resistance levels. This week hasn’t been any different, except for the part that the leading cryptocurrency managed to hold its ground just a few hundred dollars above the $20,000 mark, registering around 9% gains week-over-week. The price of BTC remained range-bound throughout the week for several reasons. First, there has been a significant dip in mining revenue, leading to huge sell-offs as BTC miners continue to dump their BTC in vast numbers to recoup their mining investments. BTC also faced pressure as the value of the U.S.
