The last few days brought a lot of excitement for traders as Bitcoin (BTC) went past the established macro resistance at $12,500 like a hot knife through butter on the backdrop of huge news about PayPal making crypto available to its 400 million users.
Bitcoin targets last year's high
In a nutshell, the online payment behemoth had announced on Wednesday 21 that from now on, users could keep Bitcoin, as well as Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), in the respective wallets upon purchasing the coins with fiat on the platform.
Unfortunately, they won't be able to do anything but hold or buy/sell coins in their wallets for fiat. This news forced the cryptocurrency market, and Bitcoin, in particular, to come out of hibernation and explode to the upside, revisiting $13,000 for the first time since July 2019.
1-day BTC/USDT chart