Bitcoin Takes A Breather From The BearAfter a month of severe bearishness, bitcoin has finally found what can be perceived as support at around $200 BTC/USD. With the recent bounce to above $220, it is fair to say the largest digital currency by market cap has consolidated and for the time being has turned bullish from sideways.
While the $200 price level stands as a psychologically strong buy zone for long term investors, one must also consider that the quick consolidation and presumably short bull run might have been due to external fundamentals as well.
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