Bitcoin May See Relief Rally, But Bottom Still Elusive

jguzman394 (50)in #cryptonews • 7 years ago

Bitcoin (BTC) may see a corrective rally following losses this week, but it's still too early to call a bottom, the technical charts indicate.

The cryptocurrency has spent a better part of the last 24 hours trading in a roughly sideways manner in the narrow range of $7,900-$8,400, according to CoinDesk's Bitcoin Price Index (BPI). As of writing, the BPI is seen at $8,152. Meanwhile, the global average price, as calculated by CoinMarketCap, stands at $8,169 - up 0.15 percent in the last 24 hours.

Read the rest of the news here

https://www.coindesk.com/bitcoin-may-see-relief-rally-but-bottom-still-elusive/amp/

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7 years ago in #cryptonews by jguzman394 (50)

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