Bitcoin Pushes Past $4,000 as Technical Gauge Turns Positive

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Bitcoin climbed above $4,000 for the first time this year, helping to push the volatile cryptocurrency into positive territory after a brutal 2018 that saw investor post losses of more than 70 percent.

The biggest digital currency gained as much 6.4 percent to $4,077 in New York. Other tokens were mixed, with Litecoin jumping as much as 22 percent and Ether down about 1 percent.

“In technical analysis this makes these levels very strong,” said Mati Greenspan, senior market analyst at eToro in Tel Aviv. “But I think only once we see a strong break above 5,000, 6,000, if we get above 7,500, that’s when people start to turn really bullish.”

 

Read more at Bloomberg.

{Matzav.com}

1 COMMENT

  1. It has become clear that some of the editors here at Matzav were gullible enough to purchase the Bitcoin hoax. You keep posting all these fake spins on Bitcoin to try to pump it up and get more morons to part with their money. The crooked frum people who are promoting this ginaiva aught to be ostracized by our community. Haven’t you dummies learnt your lesson yet?

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