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Bitcoin Defies Expert Opinion And Sees Rapid Growth After Falling Under $6,500
Summary: Bitcoin fell below the important $6,500 level on Wednesday but in a surprising turn of events the coin rallied instead of triggering a liquidity event and caused Bitcoin’s Price to Shoot up, according to Bitpush Data. At around 8:10 a.m. EST Bitcoins price had finally fallen under the dreaded $6,500 level reaching $6,486, Bitcoin would ...
Bitcoin fell below the important $6,500 level on Wednesday but in a surprising turn of events the coin rallied instead of triggering a liquidity event and caused Bitcoin’s Price to Shoot up, according to Bitpush Data.
At around 8:10 a.m. EST Bitcoins price had finally fallen under the dreaded $6,500 level reaching $6,486, Bitcoin would continue to fall reaching a low of $6,457 in about 15 minutes. However, those 15 minutes would appear to be the closest to the predicted liquidity event that Bitcoin would reach, as by 10 a.m. EST Bitcoin has shot up $863 dollars and at the time of writing sits at $6,732. This marks around a 13% growth in just under two hours. Bitcoin has seemingly defied experts once again.
By Ramsey Baker
Tags: $6500,Bear,Bitcoin,Bull,Growth,Liquidity,Market
Link: Bitcoin Defies Expert Opinion And Sees Rapid Growth After Falling Under $6,500 [Copy]
