RATE Group | Bitcoin Price In Healthy Uptrend, Bulls In Control Above $7,000
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Bitcoin Price In Healthy Uptrend, Bulls In Control Above $7,000

20 Apr Bitcoin Price In Healthy Uptrend, Bulls In Control Above $7,000

Posted at 10:37h in Bitcoin News by

Bitcoin price healthy uptrend drives the price slowly but steady to higher levels. The first critical resistance at the 50-day moving average now provides strong support. Arrano Capital in Hong Kong launched the country’s first regulated bitcoin fund. The fund, which tracks bitcoin’s price, provides institutional investors access to bitcoin through the traditional fund structure. The fund is eyeing 100 million US Dollars assets under management the first year. The company plans to launch one more fund in 2020 as it sees strong demand for active and passive crypto instruments.

BTCUSD capitalization has now reached $132.15 billion, while the top 100 cryptocurrencies have surpassed $208 billion. Ethereum is 1% higher at $182, Litecoin is 0.68% higher at $42.57 while Ripple is 1.18% higher at 0.1913.

Bitcoin Price Support and Resistance

Bitcoin price is 0.31% higher at $7,148 as the number one cryptocurrency hovers above the 50-day moving average for the fourth…

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