RATE Group | Did Bitcoin (BTC) Reach a Bottom?
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Did Bitcoin (BTC) Reach a Bottom?

14 Sep Did Bitcoin (BTC) Reach a Bottom?

Posted at 00:03h in Bitcoin News by

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Bitcoin (BTC) and all our favorite coins and tokens have once again proven to us that they can get back on their feet after a massive decline. The King of Crypto is currently testing a new resistance level of $6,500 after reaching a recent low of $6,200 on the 8th of September. Looking at Ethereum (ETH), the digital asset had already been declared dead by a few analysts as it was trading at $170 on the 12th of September. ETH is currently trading at $206 and up 13.28% in the last 24 hours.

Did Bitcoin (BTC) Reach Bottom?

As earlier stated, Bitcoin is the King of Crypto and its movement in the markets is a clear indicator of the general direction of the entire ecosystem. The recent low of $6,200 has been hoped by many as being the last low of the year as we gear up for the highly anticipated bull market that will be jump started by the Holiday season that is only weeks away.

Billionaire investor and ex-hedge fund manager, Michael Novogratz, believes that the crypto market has bottomed…

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