RATE Group | Bitcoin finishes Thursday higher; bulls see silver lining as speculators get flushed out
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Bitcoin finishes Thursday higher; bulls see silver lining as speculators get flushed out

01 Jun Bitcoin finishes Thursday higher; bulls see silver lining as speculators get flushed out

Posted at 02:23h in Bitcoin News by

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A topsy-turvy week for digital currencies continued Thursday, with most major coins trading higher to reclaim territory lost the previous day.

After surrendering the $8,000 level on May 22, the price of bitcoin, the world’s biggest digital currency, has traded in a tight range around $7,500, and the lack of follow-through to the downside is a good sign for owners of bitcoin, said one analyst.

“When we have broken key levels, we haven’t seen the continuation moves like we did in April with people getting liquidated,” said Mati Greenspan, senior market analyst at Etoro. “It seems the leverage…

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