RATE Group | Bitcoin must break $7,200 for a swing past $8,000
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Bitcoin must break $7,200 for a swing past $8,000

20 Apr Bitcoin must break $7,200 for a swing past $8,000

Posted at 09:36h in Bitcoin News by

  • Bitcoin price opens the week above $7,100 amid calls for a lift-off above $8,000 pre-halving.
  • Ethereum led the recovery over the weekend testing $190 resistance but failed to sustain gains towards $200.
  • XRP/USD continues to underperform in comparison to Bitcoin and Ripple; stuck under $0.20.

The cryptocurrency renewed the bullish momentum following widespread bullish waves on Thursday last week. The weekend session encountered minor bearish forces. However, buyers across the board were keen on commencing the new week’s trading not only in the green but also positive regions. The total market capitalization has corrected upwards breaking above the $200 billion as sign that investor confidence in the market is rising.

BTC/USD opened the week’s trading above $7,100 as desired by the buyers. However, the upside has been capped at $7,200. The price is slightly in the green following a 0.46% growth on the day. The trend remains bullish but the low volatility…

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