On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at $11,900, $12,000, and $12,500 in the last 48-hours. While there are various technical reasons behind the abrupt upsurge, there are three key factors buoying the rally. The three catalysts are a favorable technical structure, PayPal enabling cryptocurrency purchases, and Bitcoin's rising dominance rate. PayPal's crypto announcement adds to BTC's momentum Earlier today, PayPal officially announced that it is allowing users to buy and sell cryptocurrencies, including Bitcoin. Throughout the past year, ... (full story)