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Bitcoin Rallies After Huge Drop
Summary: After huge losses on May 31st Bitcoin has rallied over the weekend, shooting up 9.5%, according to CCN.com. Bitcoin investors are breathing a sigh of relief as the coin had managed to reach a height of $8,800 over the weekend. This marks a huge moment for Bitcoin as it is showing the cryptocurrency can be ...
After huge losses on May 31st Bitcoin has rallied over the weekend, shooting up 9.5%, according to CCN.com. Bitcoin investors are breathing a sigh of relief as the coin had managed to reach a height of $8,800 over the weekend. This marks a huge moment for Bitcoin as it is showing the cryptocurrency can be much more stable then it's past has shown. "Now is the time to pay more attention to Bitcoin then ever"according to John Bollinger of Bollinger bands. If Bitcoin's bounce back and breaks higher than before this is an important leg up, but there still exists the very real possibility of a retracement by 50%.
Author: Janelle Fox
