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Bitcoin Decouples from Gold, Stock Market as Price Hits $13K

From fxdailyreport.com

The last 24 hours of trading saw Bitcoin decoupling from gold and stock markets as its price surged above $13,000. The BTC/USD exchange rate added $212, or 1.66 percent, to trade near $13,020 as of 1739 UTC. At its intraday high, the pair were changing hands for as much as $13,095, a level it last breached only yesterday before establishing a year-to-date peak near $13,250. Testing levels above $13,000 two days in a row presented $12,700 as a credible support level. There, traders showed signs of substantial accumulation, thereby underlining their intentions to continue the upward momentum beyond the current yearly ... (full story)

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  • Category: Fundamental Analysis