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Bitcoin and Ripple are on the rise

Many analysts warned that if bulls do not enter the market due to the low price, a further descent to USD 5,500 or even USD 5,350 is possible. However, some whales appear to have placed buy orders at the 6,500 USD level, so Bitcoin has bounced off the critical trend line and may now be on its way to test the resistance at 7,300 USD.The experienced commodity trader Peter Brandt confirms on Twitter that an important support has held and Bitcoin could now show a trend reversal.

Author : Collin Brown

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