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Bitcoin Enters “Buy the Dip” Territory After Surmounting Critical Level


Bitcoin Enters “Buy the Dip” Territory After Surmounting Critical Level

The uptrend that Bitcoin has been caught within in the time following its capitulatory decline to lows of $3,800 appears to have reached a boiling point earlier this morning when the benchmark crypto printed a massive $1,000 candle. This came about as the crypto rocketed from lows of $7,700 to highs of $8,800 – a major upside movement that appears to have thrown it into extremely bullish territory. BTC’s latest movement invalidated a previously bearish technical formation that it was previously caught within, and has now put the crypto into firm “buy the dip” territory – according to one analyst.

Bitcoin Sees Meteoric Rally to $8,800 as Bulls Invalidate Previous Bearishness

Bitcoin has seen a massive upswing today that has allowed it to print one of the largest single day green candles seen in months. At the time of writing, BTC is trading up well over 12% at its current price of $8,750, marking a massive climb from daily lows of under $7,700 that were set yesterday around this time. Read More...