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Expecting An Uptrend Continuation, Bitcoin Price Challenges $10K

Claudia Rivera

Summary: Bitcoin's price is now trading at $9,600, bullishness is back in the industry, reports CoinVedi. Bitcoin, around last year, spiked up in price when the Government of China showed interest in blockchain technology.  Since then the price of the coin has been steadily increasing ever since. Now, Bitcoin is about to reach the psychologically important ...

Bitcoin's price is now trading at $9,600, bullishness is back in the industry, reports CoinVedi. Bitcoin, around last year, spiked up in price when the Government of China showed interest in blockchain technology. 

Since then the price of the coin has been steadily increasing ever since. Now, Bitcoin is about to reach the psychologically important $10k mark. Cryptocurrency trader, Brent (@blockchainblitz), says the 50 day moving average crossed the 100 day moving average and formed a bull cross. There is much optimism for the halving, with many expecting exponential gains again.

By Claudia Rivera

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