Bitcoin (BTC<\/a>) passed $21,000 at the Nov. 4 Wall Street open as bulls tackled a formidable sell wall.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>\u00a0shows BTC\/USD breaking through resistance to hit local highs of $21,262 on Bitstamp.<\/p>\n The pair had struggled to return<\/a> to higher levels during the week, but the latest order book data from Binance showed<\/a> asks now shifting up to north of $21,500.<\/p>\n The day\u2019s high marked Bitcoin\u2019s best performance since Sept. 13, beating previous local peaks.<\/p>\n Material Indicators, which provided the order book charts, noted that above-expected United States unemployment figures may be aiding risk assets by increasing the chances of a Federal Reserve interest rate pivot.<\/p>\n \u201cUnemployment came in at 3.7% which is 0.2% higher than forecasted and BTC whales see it as a sign that FED rate hikes may be working,\u201d it summarized<\/a>. <\/p>\n \u201cNote, that one month\u2019s report doesn\u2019t make a trend, but right or wrong, this market reacts to every data point.\u201d<\/p><\/blockquote>\n Zooming out, popular Twitter account Bitcoin Bull reiterated a characteristically positive take on BTC price action, arguing that cycle lows were near.<\/p>\n \u201cThis was just a pullback from a bigger bullish extension. The major peak is not in yet, but the bottom zone is here,\u201d a tweet read. <\/p>\n \u201cThe cycle continues.\u201d<\/p><\/blockquote>\n Macro markets performed similarly strongly on the day.<\/p>\n Related:\u00a0Analyst puts Bitcoin price at $30K next month with breakout due<\/a><\/em><\/strong><\/p>\n An hour after the open, the S&P 500 was up nearly 2% and the Nasdaq Composite Index up 1.75%.<\/p>\n The U.S. dollar, meanwhile, lost ground, with the U.S. dollar index (DXY) dropping to 111 support from 113 in a single day.<\/p>\n \u201c$DXY is tanking. Yields are ready to drop. Bitcoin at $21K,\u201d Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, reacted<\/a>. <\/p>\n \u201cIt\u2019s time for the run towards $30k in coming weeks.\u201d<\/p><\/blockquote>\n The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n <\/p>\n<\/div>\nSellers move aside for new multi-week highs<\/h2>\n
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$30,000 on the cards for November<\/h2>\n
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