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Bitcoin has climbed back above $6,000

Business Maverick

Business Maverick

Bitcoin has climbed back above $6,000

Bitcoin currency with blockchain concept on laptop keyboard with coins and charts and graphs. Crypto investment security and strategy/ Adobe Stock
By Bloomberg
09 May 2019 0

The cryptocurrency, which has been on a wild ride that took it above $19,000 in December 2017 and as low as $3,136.04 in December last year, has clawed its way back to the highest level in more than six months.

Bitcoin has clawed its way back to the highest level in more than six months. The asset was up 2.5% to $6,048.52 as of 9:46 a.m. in Hong Kong.
Bitcoin rises back above $6,000

“Bitcoin’s long-term technical profiles continue to point to a new up cycle,” said Fundstrat Global Advisors LLC technical strategist Rob Sluymer in a note May 8. He said Bitcoin is continuing to rebound from support at its 200-week moving average, after telling investors last week to buy.

Bitcoin moving upward from 200-week moving average
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