RATE Group | Bitcoin tests USD 9,000, Ethereum Classic increases 28%
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Bitcoin tests USD 9,000, Ethereum Classic increases 28%

17 Jan Bitcoin tests USD 9,000, Ethereum Classic increases 28%

Posted at 12:23h in Ethereum News by

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  • Bitcoin briefly broke through the USD 9,000 mark a few hours ago and has been moving sideways ever since.
  • Among the Altcoins, Ethereum Classic with a price increase of 28% and Chainlink with 17% have benefited the most.
  • According to some experts, the omens look bullish so that the rally could continue.

Bitcoin has overcome many important resistances since January 2 until today and even briefly broke through the USD 9,000 mark. Shortly thereafter, however, Bitcoin fell back to USD 8,900 after BTC encountered enormous selling pressure. At the time of writing, the Bitcoin price trades at $8,901.23 USD, an increase of 3.69% within the last 24 hours.

Murad Mahmudov of Adaptive Capital, former employee of Goldman Sachs, describes on Twitter that BTC has exceeded a number of important moving averages. These include the 128-day single moving average (SMA), the 200-day exponential average (EMA), the 50-week SMA and the 100-week SMA.

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