RATE Group | Bitcoin Flashes Bullish Signals as Bulls Hold it Above Key Technical Levels
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Bitcoin Flashes Bullish Signals as Bulls Hold it Above Key Technical Levels

21 Oct Bitcoin Flashes Bullish Signals as Bulls Hold it Above Key Technical Levels

Posted at 22:18h in Bitcoin News by

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After hovering around the $8,000 region for an extended period of time, Bitcoin has been able to garner some hints of bullishness as its buyers have pushed its price up over 3%. This latest surge further confirms the upper-$7,000 region as a strong level of support for BTC.

Analysts are noting that today’s surge pushed BTC past multiple key technical levels that had previously been suppressing its price, which may mean that it is positioned for significantly further gains in the near-term.

Bitcoin Surges Over 3% as Bulls Respond to Recent Dip Below $8,000

At the time of writing, Bitcoin is trading up over 3% at its current price of just under $8,300, and this surge has come about just days after the crypto dipped below $8,000 into a region that appears to be full of significant buying pressure.

Although BTC has failed to incur any significant trend in either direction for the past several weeks, its recent bout of consolidation has proven to be a positive thing for many major…

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