Strong Technical Indicators Help Bitcoin Shoot Through $12,000, What Lies Ahead?


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Bitcoin Shows Some Signs of Stabilization After Brutal Decline 350x209 1

The bitcoin price, on Aug 17, soared above $12,000 to new 2020 highs coinciding with similar gains posted by the US equities following a depressing Q2 pinned to the slowing effects of COVID-19. Bitcoin Prices Rally at The Back of Supportive Technical Indicators A Bloomberg report shows that at yesterday’s peak, the Bitcoin price rose to $12,473

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