RATE Group | Bitcoin Prices Continue To Enjoy Bullish Trend
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Bitcoin Prices Continue To Enjoy Bullish Trend

31 Aug Bitcoin Prices Continue To Enjoy Bullish Trend

Posted at 20:47h in Bitcoin News by

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Bitcoin prices have climbed this week, enjoying modest gains. Credit: Getty Royalty Free

Bitcoin prices pushed higher this week, continuing the upward trend that they have been following since roughly mid-August.

The digital currency rose to as much as $7,124.81 on Wednesday, August 28, according to the CoinDesk Bitcoin Price Index (BPI).

At this point, it was up roughly 6.5% from its price of $6,692.62 at the start of Saturday, additional BPI figures show.

The price then pulled back somewhat, trading at $7,042.18 at the time of this writing.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Market Rebound

When explaining Bitcoin’s recent rebound, several analysts pointed to key technical indicators, claiming that the digital currency has been pushing higher since testing key support.

The cryptocurrency has…

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