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29 March 2020

Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month - CoinDesk

Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month - CoinDesk


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Bitcoin jumped sharply on Tuesday, violating key resistance and opening the doors for a test of a widely followed technical line above $9,000.

That bullish breakout has been bolstered by Tuesday’s move above $8,463 – passing the resistance of a lower high created on Jan.

Bitcoin rose more than 8 percent and closed well above $8,463 on Tuesday.

In the six hours to 05:00 UTC, trading volumes dipped as the cryptocurrency pulled back from $8,900 to $8,555. A low-volume price drop is often short-lived. 

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coindesk.com
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