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Bitcoin Sees Largest Spike Since October Possibly Reversing Bearish Trend

Ramsey Baker

Summary: Many traders once predicted that Bitcoin would plummet after falling below $6,500 but the coin has instead soared by more than 10% since yesterday, according to NewsBTC. This 10% surge to $7,448.24 would be the largest daily gain since October 25. Bringing Bitcoin’s week-to-date losses down from around 13% to 0.45%. While the coin has ...

Many traders once predicted that Bitcoin would plummet after falling below $6,500 but the coin has instead soared by more than 10% since yesterday, according to NewsBTC.

This 10% surge to $7,448.24 would be the largest daily gain since October 25. Bringing Bitcoin’s week-to-date losses down from around 13% to 0.45%. While the coin has somewhat cooled down since the intense spike, this could mean the bearish trend for Bitcoin might be over.

By Ramsey Baker

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