Bitcoin price hit a new yearly high of $16,000

Today Bitcoin price reached $16,000 level for the first time since January 2018 after the first attempt failed to make significant progress on Wednesday. However, a reversal occurred and price broke below the $15,800 support, forming what seems to be a potential double top on the 4-hour chart. Also Fear and Greed index currently reads 87, which may also indicate a potential decline in the short term.

Crypto market now is still in status of "Extreme Greed." Source: alternative.me

In the long-term many analysts' expect that projected President-elect Joe Biden's stance could have an influence on fiscal policy over the next four years, which could, in turn, affect inflation, against which bitcoin is touted as a hedge. Therefore many investors may want to take advantage of the potential correction to enter the market by buying the dip.

Bitcoin is now up 123% on a year-to-date basis and has gained nearly 50% so far this quarter. Today price briefly broke above $16 000 level, however buyers failed to uphold momentum and price pulled back forming a potential double top formation. In case of a break below the neckline at $14 341,38 the downward move may accelerate towards $13 000 support level. However if buyers will manage to regain control, then the upward move could be extended to the $20,000 resistance level. Source: xStation5

6 November 2026, 6:41 AM

Morning Wrap: Tech Crash and a Black Thursday for Global Markets

5 November 2026, 6:52 PM

Daily Summary: The Honeymoon Is Over: Wall Street Plunges Into a Massive Sell-Off

30 October 2026, 6:30 PM

💥Daily Summary: Tech Sector Crash on Wall Street and Historic Attack on Binance

30 October 2026, 4:05 PM

🔴Three Markets to Watch Next Week: US500, BITCOIN, EURUSD (30.10.2026)

Crypto

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days