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9000, bitcoin, breakout, bull, bullish, climb, cryptocurrency, market, price -

The price of bitcoin, the most dominant cryptocurrency in the global market, has recovered beyond the $9,000 for the first time since March 14, exactly a week ago. Short-Term RecoveryIt is still quite early to determine whether bitcoin and other cryptocurrencies will be able to sustain the current momentum in the upcoming weeks. While bitcoin has rebounded over the past few days, it has only recovered from its price drop that occurred in mid-March. Two weeks ago, the price of bitcoin peaked at $11,600, and the cryptocurrency is still $2,600 away from reaching its monthly high. Last month, the price...

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10000, 2018, bitcoin, bull, bullish, chinese, crypto, cryptocurrency, happy new year, market, new, price, run, year -

Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event. Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000, shows CoinDesk's Bitcoin Price Index (BPI). Still, historical data indicates...

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