Bitcoin Back Above Key Support
From tickmill.com
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 ...
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