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BTC/USD: Bullish Engulfing Pattern Points to More Gains
Bitcoin prices stabilized during the American and Asian sessions as concerns about the US economy rose. The BTC/USD pair rose to 83,300, up from this week’s low of $76,500. It remains about 25% below the all-time high of $109,200. Bitcoin price rose as Donald Trump announced more measures that will destabilize the US trade relations with its neighbors. He said that he would implement a 50% tariff on Canada’s steel and alumunium, a response to Ontario’s decision to hike electricity prices to the United States. A likely reason why BTC rose is that Howard Lutnick, the Commerce Secretary, said that he would talk ... (full story)