Bitcoin is Consolidating Above 100 SMA and Likely Gearing For Lift-off To $8K

Bitcoin gained traction and settled above the $7,000 resistance against the US Dollar. BTC price is consolidating gains above the 100 hourly SMA and likely to grind higher towards $7,500. Bitcoin is rising steadily and it is positioned nicely above $7,000 against the US Dollar. There is a strong support base forming near the $7,050…

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Author: toutiao