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Bullish Bitcoin on Course for Further Gains after 110% YTD Spike

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By CCN Markets: Since achieving a new 2019 high at above $9,000 at most major crypto exchanges, the bitcoin price has dropped to around $7,900 by more than 12 percent against the U.S. dollar. While many technical analysts have warned against the strong possibility of a pullback occurring in the near-term, which remains probable considering the 110 percent year-to-date gain of the dominant crypto asset, one trader says bitcoin is much more bullish than it currently seems. Why bitcoin is bullish on a macro level From April to June, the bitcoin price has surged from $4,100 to $9,000 by well

The post Bullish Bitcoin on Course for Further Gains after 110% YTD Spike appeared first on CCN Markets

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* First published on ccn.com

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