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Thursday

22 April 2021

Bitcoin bulls return after BTC bounces at a key support level

Bitcoin bulls return after BTC bounces at a key support level


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A wave of selling took command of the cryptocurrency market on April 7 after Bitcoin (BTC) price dropped below $56,000.

One sign that the market had moved ahead of itself over the past week was the rapidly rising Kimchi premium, which was followed by a seven percent decline in BTC price on April 7 as traders worried that it might be the signal for a market top.

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cointelegraph.com
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