RATE Group | Bitcoin Price, BSV Pump and Dump, and Other News
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Bitcoin Price, BSV Pump and Dump, and Other News

19 Jan Bitcoin Price, BSV Pump and Dump, and Other News

Posted at 20:51h in Bitcoin News by

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Today is the day when Orthodox Christians submerge themselves in icy water to mark Epiphany, celebrating the baptism of Jesus in the River Jordan.

Personally I prefer to celebrate my Bitcoin epiphany with a couple of icy beers, but you know, each to their own.

Bitcoin Price: On The Up

If last week, bitcoin price was all about $8k, then this week was all about $9k. Or to be more specific, would we get there?

Certainly, at the start of the week, the sentiment seemed to have turned bullish. $8k holding throughout the weekend raised hopes of a repeat of last year’s rally.

After a quiet Monday, the price started to pump on Tuesday, perhaps due to a mass liquidation of short positions on BitMex. From $8.1k bitcoin shot up, pausing briefly at resistance around $8.6k before finally topping out at around $8.8k.

And there it stayed for the rest of the week, trading in a range from $8.6k to tantalizingly close to $9k. It was looking as though $9k would have to wait, but then a spurt this…

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