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Bitcoin (BTC) recovered by 38% after an all-night sale lasting, and now the crypto currency started moving back to the $ 12,000 mark.
Yesterday began for bitcoins from $ 11,700, after which at 04:29 UTC, a drop to $ 10,691.43 occurred. At the time of writing, the rate is $ 11,210.
Compared to the lows on February 6, the Crypto currency increased by 85%. Nevertheless, many investors still believe that the BTC market is holding a bearish trend, and that the current growth from $ 6,000 is just a correction for a larger downtrend.
This is due to the fact that bitcoin is still trading below the downward trend line from the highs of December 17 and January 6. However, the short-term outlook for BTC will be optimistic.
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