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Bitcoin Back Above Key Support
Bitcoin prices are seeing strong demand through early European trading on Monday. Following heavy selling last week which saw the futures market plunging around 10% on the week, BTC is bounding back today and as broken back above the $108,855 level. This is an important development suggesting the potential for a resumption of the bull trend if price can hold above that support. The velocity of the move today suggests the return of institutional demand which has been a key driver behind any bull phases in BTC this year. Record outflows over the last fortnight were seen amplifying the decline in BTC. However, with ... (full story)
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