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Bitcoin Price Analysis: Three bearish factors Restricting Bitcoin Price Recovery

From coinpedia.org

Bitcoin is held up in the $6000 zone failing in several attempts to make it to the $7000 zone. Analysts believe that the cryptocurrency needs a strong move to break through $6,300 to enable the smooth recovery of price to the $7000 zone. Bitcoin in the last two months traded above $9000 before a market crash brought down prices to just $4,000. In the last, 24 hour Bitcoin oscillated in a close range, constantly quickly losing value. At the moment bitcoin is trading at $6,108.30, according to coindesk indices. Prices have been on a bullish trend within the last 24 hours with some lower levels of volatility. Since last ... (full story)

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  • Category: Technical Analysis