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Bitcoin Rips to $6,750 In Move Reminiscent of Last Year’s 25% April Fool’s Rally

www.newsbtc.com

Since NewsBTC’s last market update, Bitcoin has continued to rip higher, recently hitting $6,750. Although not on the same magnitude, many have likened Bitcoin’s recent price action to the 25% surge seen on April Fool’s and April 2nd last year, which was a move that kickstarted a rally from the $4,000s to $14,000 by mid-June.

Prominent cryptocurrency trader Flood, who called Bitcoin’s weekend move under $6,200, recently wrote that the cryptocurrency next’s stop is likely $8,000. Also, according to Bloomberg, the recent price action has allowed a key buy signal to appear: the Bloomberg Galaxy Crypto Index (an index of the top digital assets that includes Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and EOS) recently printed a buy signal, according to a trend indicator, the GTI Vera Convergence Divergence Indicator A buy signal was last seen early on in January, when Bitcoin was trading in the mid-$7,000s. And a sell signal was seen near the end of February, when BTC was trading in the mid-$9,000s prior to the infamous March 12th capitulation, which has since been dubbed “Black Thursday.”

Read in Full: www.newsbtc.com
Bitcoin BTC
$ 69783.02
Bitcoin BCH
$ 574
Bitcoin ETH
$ 3515.36
Bitcoin LTC
$ 92.98
Bitcoin XRP
$ 0.6091
Bitcoin EOS
$ 1.0928

Timeline of Bitcoin, Bitcoin-cash, Ethereum, Litecoin, Xrp, Eos

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Bitcoin Bitcoin
69916.2000 -0.68%
Ethereum Ethereum
3526.63000 -1.24%
BNB BNB
606.270000 2.68%
Solana Solana
184.637000 -1.32%
XRP XRP
0.61218600 -1.46%